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We saw a lack of follow through out of our two on watch for today, but that doesn’t mean they won’t provide bounce opportunities over the short term, so we suggest continuing to keep them on watch. Better to buy on a dip than chase into a rip anyhow.
Our point of focus moves to TPAC (Trans-Pacific Aerospace Co.) for tomorrow, as shares continued on their amazing ascent today, closing up more than 54% and adding to the already impressive 1000%+ move since early December.
This impressive bull run has left any bear in sight long behind in it’s wake, as shares have moved from the .0005 range at the beginning of December up to new highs of .0057 today, and closed at .0054.
It’s an amazing feat to say the least, especially when you consider just how quick TPAC has achieved such gains, and at this point there is really no telling how high it might go.
As with any penny stock, shares have been very volatile, trading down to the same low it found support at yesterday of .0031 before closing significantly higher.
Due to the lack of follow through we saw in other names today, we wouldn’t suggest jumping the gun and entering right at tomorrow’s open, but if shares were to venture back below .004 it could be a good place to look at the stock for another potential bounce back.
If .0031 were to fail, one might expect the stock to continue lower before attempting to find another base to push higher from.
Keep TPAC (Trans-Pacific Aerospace Co.) on watch for tomorrow.
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