Wednesday, May 28, 2014

Penny Stock Focus on IWEB

Check out this chart from StockCharts.com for IWEB



I see this stock being talked about. From a technical perspective there's MACD divergence. Some believe it's possible for a bounce here. First obvious resistance is at .004 area which was former support and then .007 area after that. The 200 sma is at .014 which is quite a distance but doable since penny stocks are just unpredictable and this stock has a small float from what I have read.



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