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Its been a while since ive traded any penny stocks that are sitting below .50 /share. But this chart looks fairly appealing to me for a possible short term trade with a smaller position to limit risk. Price is forming a bullish cup and handle formation pattern with a target buy price on the breakout of the .049 neckline which should send this stock north if that price is breached. Surprisingly this company is actually moving into profitability with their last 2 quarters profitable and commercial ads being nationaly televised for their product. I want to go long 1/4 position on ???? on a breakout above .049/share.

Technical Analysis: