SubscribeSFMI - Can Silver Shine in this Market?
Well not many stocks can handle the pressure of the current market. However, I'm still keeping an eye on SFMI. I highlighted it yesterday as one of the few penny stocks that held up well during yesterday's market sell off.
SFMI did return some of its gains today. However, looking at its technicals, it still shows sign of a good future. It still has an upward trend and is riding the top of its bollinger bands. It was at 0.15 not too long ago and if it's able to get back up to that level again, I'll have my sights set on it. Then a breakout would be very likely. Until then, I'm looking for a return to its EMA(18) for a nice buying opportunity.
I'll try and dig up some more momentum stocks tonight after the market closes.
PennyStocksFinder
SFMI did return some of its gains today. However, looking at its technicals, it still shows sign of a good future. It still has an upward trend and is riding the top of its bollinger bands. It was at 0.15 not too long ago and if it's able to get back up to that level again, I'll have my sights set on it. Then a breakout would be very likely. Until then, I'm looking for a return to its EMA(18) for a nice buying opportunity.
I'll try and dig up some more momentum stocks tonight after the market closes.
PennyStocksFinder
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