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Hello fellow investors / traders,
It's been almost two weeks since you last heard from me.
The last time I emailed you, I asked you to stay liquid because the market was pretty bad - breakouts were failing, bounce plays weren't bouncing and overall liquidity was very low.
Being selective is the key.
So I took a short break to recharge, and yesterday I came across what I think has a strong chart and what I think could be an excellent candidate for short term gains.
Check out TechnoConcepts, Inc (TCPS) for a short term trade tomorrow.
TCPS is a MMJ related play priced at $0.003, supported by its 50
day moving average of $0.0025 and with a longer term 200 day moving
average of $0.0044.
Basic analysis of moving averages / support & resistance suggests TCPS could make a solid risk v reward play.
According to OTCMarkets.com, TCPS has a float of just $238k, which is low for a sub-penny MMJ stock.
And as you can see below, TCPS has established a
strong base over the past few months and has recently started to move
higher - followed by a pause.
The next leg higher could start tomorrow.
You will also see TCPS has a history of some impressive runs. Back in March through May, TCPS made some quite astonishing gains.
TCPS is a "former runner", and with its small float, we think it could be set for another substantial run.
TCPS owns Silver Sun
Products, Inc. Silver Sun Products, Inc. is a distributor of products supplying
the medical marijuana field.
Some of the products include: fans, ventilation units, tents, CO2 systems,
reflective mylar film, cooling systems, hoods and lighting systems up to 1000
watts.
They distribute over 180 different products throughout the medical marijuana
field.
With
the recent resurgence in the medical marijuana sector, and a new bill
being introduced that would amend the Controlled Substances Act to
exempt plants with an extremely low percentage of THC, we think this
sector has a ton of upside.
And TCPS, with its small market cap compared to many of its peers, could be one of those with the most to gain.
If there is any news in the morning I will be sure to update you, so keep an eye out.
www.ShiznitStocks.com
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