OTCBlaze Newsletter
September 29, 2010
Hi everyone,
It`s amazing how sometimes the chart support and resistance levels tell the whole story. Today when we alerted
FLPC, the price was at .43 and ran right up to the resistance level which we outlined at .45 (4.7% possible gain). The .45-.46 resistance break was (is) key to this one breaking out of consolidation. At the .45, selling pressure began and took it down to the support level of .385. If you look at the chart annotations we made on the alert this morning, you can see these two levels being hit. After touching support, back she went to .42 for a +2.44% close. We were really hoping to bust out of consolidation today, but it appears to need more time. We will keep a close eye on
FLPC, looking for that resistance break.
Today we tweeted a trading tip, "Buy the dips and sell the rips!". This is a really good one to remember folks! Buying support on dips, selling resistance levels which don`t appear to be going down, then buying resistance levels which break are good rules of thumb!!
Tomorrow morning at 10:00, we`ll be back with another Trade Alert for you!! We`re hoping this one will garnish our members with greater possible gains than today!!!
Speaking of gains, our
HLNT alert at .013 continues to be a beast and hit .0185 today, +42% from our alert just yesterday!! Our
PYBX alert, which was an alert on Friday at .0014, hit .0053 for +279%. These two are just outstanding.
PYBX seems to be following the same footsteps as
HLNT.
Have a great night and we`ll catch you in the morning!! Keep a close eye out for our tweet, then our e-mail alert!!
OTCBlaze
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September 30, 2010 @ 10:00 a.m.!
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