Small Cap Stock Picks Technical Analysis : 10/20/08
Monday, October 20th, 2008Holy guacamole! Is this happening? Am i entering in swing trade? Yes i think i effin am for the first time in a while because this market has been so crazy. But it looks like most market crushing bad news is behind us…. IE multiple banks going bankrupt bla bla stuff like that which weighed heavily on the market. Now it appears that the market could be bottoming and set for at least a short term rally for a few weeks or so, As well new stimulus packages certainly could help.
Take a look at the DOW currently on the 60m chart it made a strong breakout above the descending resistance line of the symmetrical triangle formation and the 13ema looks like its about to cross the 50ema to the upside for the first time in a while.
Technical Analysis:

Small Cap Stock Pick #1 - ????
This stock has collapsed from its highs earliar in the year from around $8/share. Today we saw a notable sign of a possible bottom at price broke out a recent resistance mark to make newer highs of its latest short term trend. Todays move also broke its short term descending trendline. I think its very possible we could see this move to 2.75 - 3 in the near term. I alerted Black Service members to go long at 2.26
Technical analysis :

Small Cap Stock Pick # 2 - ????
This is the first otcbb stock that i have found attractive in quite some time. BB’s used to be so abundant for easy 20-40% trades all the time so im excited to see some stocks moving again on the bulletin boards again. One thing that is quite attractive about this stock is that Legendary investor George Soros has some 10 million shares in this stock so he obviously is speculating that this stock has some solid potential. That along with its extremely bullish stock chart and im sold. I alerted Black Service Memers to go long here at 1.19 Today
Technical Analysis :







