We might be getting close to positive breakout number 2 for PSWS in a few days. This is a rough sketch of the new flag.
It might happen before the apex that I'm predicting here, but it should happen and then continue on another run.
This stock remains very active and could be a great short-term play.
PSWS looks like it is forming a solid flag formation with a base that is easily predictable.
The MACD is still downtrending and wide open. Once the trend lines cross and both head upward, it could be a good point to jump in.
It looks like a new base will form somewhere on the yellow highlight that I have drawin in. Once it lands on that base, if all the indicators continue this trend, we should see the next big breakout and the start of a new flag formation.
Depending on whether or not this is a "real" company with legitimate news, it might be one to hold until the end of several flag formations.
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.
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