BHIivb16QnWevSIeV1UqOEn8DWU Low Risk High Reward Penny Stock Charts: New Pennystock Charts getting close to a breakout



Friday, August 9, 2013

New Pennystock Charts getting close to a breakout

Good Morning Traders, It's been a few days since my last post so lets get right to it. The first chart up for watch is TLR.

TLR is consolidating just north of the 200-day moving average and the 50-day average is steadily rising. Timberline has been forming a very strong base all year long. Remember, the longer the base the larger the breakout move. Resistance represented on the chart by the long purple line is right on top of the price action. Less than 1% of the 62 Mil shares in the float are short is another great sign.

The next chart to be added to the list is QMM.

Traders interested in a little more excitement may wish to check out WEST.

The Price action is pushing up against support (.03) and closed above the 50-day moving average. A break above $.03 with large volume may indicate a small bounce off the bottom.

 Thanks for viewing and Trade well, not often.

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