Mega Volume Alert With An Oversold Chart! Senorita Is Eyeing USNL!
Good afternoon mi amors!
This roachy gem just crawled across my screener for a mega boost in volume with a lot of accumulation going on from .0045 – .0055. I’m talking about US National Telecom, Inc. (Pink: USNL).
This looks like a classic case of volume preceding price to me, and it is currently up 25% on over 150 MILLION shares trading hands!
USNL is in the business of buying distressed properties in the sunny state of Florida, and according to many real estate market watchers, Florida is one of the states where the housing and commercial real estate market is expected to start rebounding in 2012.
Google is your friend, but to give you an idea of what the analysts are saying here’s what AOL’s real estate experts have to say about the recovery in Florida: http://realestate.aol.com/blog/2012/02/04/top-turnaround-housing-markets-for-2012/
Just as with the stock market, what goes down must go up and it appears that a bottom is in for Florida’s real estate crash and they are looking forward to some explosive growth.
I’ll get to USNL’s techs right after a reminder to:
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Chart courtesy of Stockcharts: http://stockcharts.com/h-sc/ui?s=USNL&p=D&b=5&g=0&id=p55015121820
Take a look at that oversold donkey chart HEE HAW!
Support for USNL comes in at .004 and .0045, and resistances lies ahead .0055, .007, and .01.
Could USNL be the next subpenny stinker to hit over .01 within the next few trading sessions? The volume seems to suggest just that, and as you can see from that oversold burro chart, it is not lacking any room to run. So throw it up onto your watchlists immediately and let’s see how long it takes for this roachy mutt to have us yelling, “Ole’!”
Senorita “I love oversold charts!” 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 USNL at any time
after this post.
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