It looks like the game is on. This was a really good week for several of the current OTC Journal microcap offerings. Here's a couple worthy of a quick review:
Commerce Planet (OTC BB: CPNE)- still my #1 call on a fundamental basis, and now it appears to be #1 on a technical basis as well. Here's the chart as of the close of market on Friday- with one twist I haven't shown before.
Many have asked about the "Double Rep" of the Dinapoli 3x3 moving average- a great technical indicator of an imminent short term move. In the case of CPNE, the 3x3 was broken to the upside on the 27th when the stock broke above $1.33- on a DAILY basis.
The chart I am showing you today is the movement of the stock on a WEEKLY basis. You can look at these indicators on any time interval- every where from a minute by minute to a full year. Day traders use 1 minute charts all the time.
As of the close Friday, CPNE has now broken above the 3x3 on a weekly basis. It traded over $1.433. The longer the time frame, the more sustainable the move. Of course- anything can happen. However, for now it sure looks like CPNE wants to work higher week by week. Perhaps $2 is still attainable before the end of December.
euer
goodman666
Commerce Planet (OTC BB: CPNE)- still my #1 call on a fundamental basis, and now it appears to be #1 on a technical basis as well. Here's the chart as of the close of market on Friday- with one twist I haven't shown before.
Many have asked about the "Double Rep" of the Dinapoli 3x3 moving average- a great technical indicator of an imminent short term move. In the case of CPNE, the 3x3 was broken to the upside on the 27th when the stock broke above $1.33- on a DAILY basis.
The chart I am showing you today is the movement of the stock on a WEEKLY basis. You can look at these indicators on any time interval- every where from a minute by minute to a full year. Day traders use 1 minute charts all the time.
As of the close Friday, CPNE has now broken above the 3x3 on a weekly basis. It traded over $1.433. The longer the time frame, the more sustainable the move. Of course- anything can happen. However, for now it sure looks like CPNE wants to work higher week by week. Perhaps $2 is still attainable before the end of December.
euer
goodman666