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Micro Penny Stocks, Penny Stocks $0.10 & Under
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CTKH.pk- CETEK TECHNOLOGIES NANOTECHNOLOGY-- THE HOTTEST stock around.
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[QUOTE]Originally posted by CetekTechnology-NANOTECH: [QB] The chart Is an upward trend. We gapped up hard to .007 needed to back fill the gap, and retrace. Price began with a steep climb to .0037 with resistance at .004. We made a support level at .0019 and traded in .0019 - .0024 for several days, before breaking .0024 on HIGH volume of over 500 million and again broke .0025 and .0026 to break through the .003's and close above resistance at .004. We gapped up hard to .007 which was seen to be reisistance, and retraced to make a new support level at .0031-.0033. We are now on your next leg up, and moving up once again, after filling the large gap left behind. The chart is bullish. 50 day has crossed above the 200 day moving averages which is the #1 bullish indicator. MONEY FLOW has turned positive, and the RSI has indicated we are no longer over bought, and more oversold, as shares have changed hands. The stock is upward trending. and 50 day continues to travel above the 200 day which is a coninuation of a bullish trend, meaning we will be breaking .007 and knocking out .01. Then we should retrace if we gap up hard and leave a gap, or we can gradually increase, without leaving a gap, and therefore will not retrace in that case. The stock is looking to be trading in the .04 - .05 cent mark by the end of the first quarter, but sooner on news. The bullish trend needs to be monitored, because it could collapse, but would only do so, if the company issued very VERY BAD news, which is very unlikely. [/QB][/QUOTE]
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