Twofer Tuesday! GGII and CNEX
On this beautiful sunny Tuesday I bring you 2 roachy morsels. Count them with me, uno, dos!
GGII ( Green Globe international ) seems as if it has possibly found a bottom here in the high double zero ranges. It has been under accumulation for a few trading sessions and the RSI along with the Money Flow Index seems to be turning around at these levels.
Support comes in at .007 and resistance comes in at .0083. In my opinion if GGII can break the resistance level it can see a retracement back to the .015-.02 ranges. If it can get some good momo going it can possibly even make a run for the 50DMA of .05. So set this oversold piece of poo on your watchlists.
Now onto the next POS.
CNEX ( Cannon Exploration ) This one is an old buddy of ours. It netted us over 200% the last time we alerted this bag of poo disguised as gold. Support comes in at .0015 and resistance comes in at .0025. Now I cannot promise you that it’ll run like it did the last time because I suspect that the company dumped a whole lotta shares into the float during the last pop job, but it doesn’t mean that we can’t net a nice roachy gain. If you decide to play CNEX, try to buy as close to the support level as possible.
Don’t go buying shares at open like you’re on death row and it’s going to be the last stock you’ll ever trade before going to the big ole stock market in the sky. Wait for a pullback, there should be one.
As always, take your gains if you have them and set that mental stop loss in case shit hits the fan.
This is your Senorita saying later gators!
Disclosure: These corporate profiles are 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 these stocks. We reserve the right to buy or sell GGII and CNEX at any time after this post.
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