Weekly chart clearly shows near to mid term resistance at around $0.83 - $0.86 levels, which is just a about 100% gain from now. History shows, it's quite possible for this stock. On Dec 29-30, it doubled overnight. Will see how it develops tomorrow, but anyway, risk/reward ratio is pretty decent for this pick.
Backtesting results are just phenomenal (check it out - due to this trade at the end of 2010):
Backtested Symbol: TIV
Strategy: Pennystocks100 (5 min chart)
Period: Feb 23, 2010 - Feb 23, 2011
# Win: 2
# Loss: 0
Winners: 100%
Profit-Loss%: 102.72% (!!!)
Huge spike you see on the chart from 0.83 to $3.59 that was back in September 2009. One I am referring to, was in December 2010, when our strategy backtesting shows 100% profit. It looks just like a minor bump comparing to crazy x4 times run up in Sept 2009.
No comments:
Post a Comment