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September 29, 2008

Penny Stocks to Watch by Stock Analyzer for September 29th

By admin
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Submitted by Stock Analyzer

Penny Stocks to Watch

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Stocks to watch for this coming week:

CABN coming to support levels of .13 and .10. If we can hold these levels of support off this most recent pullback then we could test .19 to .21 ranges with .26 being the stocks 200 MA line resistance.

GWSI also another stock to watch after a long pullback from .40 level. Support at .11 and .10 with resistance at .19 .214 then bluesky to possible .38 ahead. MACD line is turning up here so watch for a possible reversal

RNVO could be HUGE this week for those that like subpennies. Its the first real sub penny of the year and it has nice support at .0011 and resistance at .0018 for bids then .0022 .0025 .0035 ranges ahead. Could be a nice stair stepping stock you can play off the dips.

2 year weekly chart

MVSR one to put on radar this week as it has potential to hold .25 support and turn up to the 20 MA line at .337 and 50 MA line at .41

RNNM support at .44 levels here. MACD line is trending up while the price was going down, this is a positive divergence. Watch for this one to possibly turn up to test resistance at .57 to .60 ranges

DSHL I do own 3,000 shares here and am looking for a break of .45 to test lower .50s. Needs some volume and also needs to hold .30 support

I am not a registered broker so please buy and sell on your own choice. These are just my opinions and should not be used for buy/sell signals.

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