PSWS Tech Analysis for 4-16-13


PSWS is probably my favorite pick at the moment.

It has a fantastic looking chart. This almost makes me believe that "penny stock season" is about to come back.

I'm seeing a second flag formation coming along nicely. The first breakout apex occurred at 0.01 share price. This looks like a classic technical move. I am betting this stock will remain volatile for a while.

I'm predicting a correction back towards the 0.01 to 0.015 level, and then another bullish breakout. The Stochastic has already crossed over, indicating the correction. The MACD is still bullish, but the lines are about to cross. They should follow the fast stochastic. Keep your eyes on the MACD for the next crossover point. This should happen as insiders start loading their wagons again.