KMA Global Global Solutions (PINK: KMAG) Technical Update For June 14th, 2012
It’s Senorita here with one of today’s biggest pink shit movers, I am of course talking about KMA Global Solutions (Pink: KMAG) which closed up a mouthwatering 51.6% at .0047, just one tick under the intraday HOD of .0048.
I did send out a tweet earlier today telling the roach twitter fans that KMAG was showing incredible buying strength at a price of .0047, shortly after KMAG dipped very nicely to .004 allowing some cheaps for those that threw it up on their Level 2s and watchlists.
The StockRoach Twitter feed: http://twitter.com/#!/TheStockRoach
Buying volume picked up late into the day with buys just pouring in after lunchtime once traders and investors realized, “Holy cannolis! The company claims to have increased revenues by over 600%!”
The news that you may have missed: http://finance.yahoo.com/news/kmag-explodes-611-increase-revenues-131500965.html
So will the momentum continue? I don’t have my crystal ball handy but let’s see what the charts have to say:
As you can see there is a nice bull candle on the daily, and the tiny nub of a wick was set earlier in the day and was not due to end of day profit taking. The RSI is starting to spike, and we have a nice pincher on the MACD.
Current support levels for KMAG comes in at .004 and .0031, and resistance lies at .006, the 50 DMA of .007 and the 200 DMA of .0089.
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Senorita “Pesos” Roachita
This corporate profile is provided for information purposes only and should not
be used as the basis for any investment decision. We are neither licensed nor
qualified to provide investment advice. We were not paid, nor do we hold a
position in this stock. We reserve the right to buy or sell KMAG at any time
after this post.
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