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Micro Penny Stocks, Penny Stocks $0.10 & Under
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MKGP - Profitable Pink with very low O/S
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[QUOTE]Originally posted by stocktrader22: [QB] MicroCap-Alerts.Com Heavy Trading Confirms Breakout!! Jan 16, 2007 We are very excited and confident following today's trading session of MKGP.PK The stock rose 50% on just under 2 million shares changing hands. This is the kind of volume we were seeking to confirm a breakout of the stock to the upside. Along with the heavy volume we were treated to a 50% increase in share price. Volume always precedes move. Five of the last six sessions the volume has been getting stronger with the last 3 sessions showing a nice gradual incline in the volume bars. That is exactly what we like to see with a corresponding price chart with the same gradual incline. REMEMBER VOLUME ALWAYS PRECEDES MOVE!! The MACD average is now solidly in an uptrend with the MACD signal line beginning to follow. The five and ten day moving averages are solidly moving to the upside with the 20 day moving average beginning to make its signal felt. And finally the 50 day and 100 day moving averages appear to have bottomed out indicating they are ready to trend upward. What does all this say? Certainly for the short term the stock is picture perfect for a continuing upward trend. For the longer term with the longer moving averages bottoming out it bodes well for a sustained upward movement. There are two more things we would like to see. A follow through on todays volume. It doesn't have to be as heavy as today, but we would like to see strong buy side volume (today the buyside volume dwarfed the sell side volume) and the continuing of the longer term moving averages continuing to bottom out. As our long term readers know, we do not strictly adhere to the technicals. We also look at the fundamentals for value. MKGP.PK IS BEGINNING TO HAVE BOTH!!!! IT IS POTENTIALLY THE PERFECT STORM!!!! THE TRAIN HAS NOT COMPLETELY LEFT THE STATION. YOU MAY STILL CATCH THE CABOOSE IF YOU HURRY! [/QB][/QUOTE]
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