Penny Stocks Not Random After All – Charts Tell The Story
BEE – Beautiful chart. Up from 1$ to breakout at 1.60$ to 3$ to crack back to 2.20 with 14% drop today.
BSDM – Huge spike from 2$ to 4.77$. Then nice selloff to 3.36$. 10% drop day. Perfect short selling chart.
CBAK – Up on huge volume. Followed by 8% selloff on huge volume.
CYTK – Nice and slow selloff. Gives short sellers perfect opportunity to get in and take advantage. Love this chart. See how the volume is fading every day.
GKK – Lots of up days followed by big drop. Perfect chart. Goes up 6 days in a row, starts selling off on the 7th day and then we get follow through 10% selling.
GTN – Another classic example to short into. Up from 40 cents to 3.57$ (almost 10x move..wow)…now selling off nicely. Down 10%
KERX – Not as much up as wanted. But once key support it taken out, no stopping. Down 10%
SSW – Slow boring mover. But once 10$ support was taken out, down we go !!! Next support 9.25$
XTXI – Up on no news. Breaks 4.50$ resistance. Goes to 6.18$, but once 6$ is taken out, 5.50$ is taken out next, as well sit at $5.30. Looks like more downside in this one.
