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Hi Everyone & Welcome New Subscribers,
It was a sea of red out there today, but when times get tough you can always trust the experts! We are saying that in jest, however, each of the three stocks on our watch list closed green on the day and were some of the best movers Wednesday, so there is something to be said for that. STOA (Seratosa, Inc.) closed up 21% on the day with nice follow-through volume we were looking for, and remains on watch tomorrow for a break of .0018 to send it potentially past .002 or more.
PPCH (Propanc Health Group Corp.) was today’s eye opener as far as OTCs were concerned, closing up nearly 90% on the day at .084, up over 100% at times during today’s session at highs of .094 with more than $5M exchanging hands. This week we haven’t seen many (if any) stocks below $1.00 trading more than $1M, so trading 5x that in a single day is a big deal. We’re unsure of where all the volume came from, but there was a generic press release issued by a third party newsletter company that placed a wild price target of more than $1.50 on the stock, which certainly could have helped boost shares higher if nobody questioned the integrity of the news. Keep the stock on your watch list tomorrow.
PMCB (PharmaCyte Biotech, Inc.) closed up slightly today, less than 0.5%, but continues to hold a channel between .15-.17 we pointed out a couple weeks ago, hitting a high of .16 the past two days and gaining higher support. Watch for a strong break past .16 with volume to confirm a potential breakout higher. It has been trading tighter, so a couple cents may be all we see out of it’s next ‘pop’. Keep it on your watch list.
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