Penny Stocks Picks Submitted By Dr. PennyStock

Submitted by Dr. PennyStock

SWVC is trading inside a big ascending triangle, the two green lines, one is the support and other the resistance.

Why I say that the stock will support at 0.021 or 0.015, easy, look to the left part of the chart and you see two green arrows, that 0.021 mark was responsible for the recent support at 0.023 and 0.015 was support one time and resistance two times, is also a relevant point to the stock.

We have also the MA50 at 0.013, a MA is a dynamic indicator, tomorrow will be at 0.0143, just an example, so, if we put together this 3 indicators, we can conclude that the stock will support between these three marks.

In about three or four trading days, the MA50 will be above 0.015, also if the stock hit 0.015 is because it has broken the green ascending line, but, is possible just brake the line during the intraday and close again above the line, generating a false breakout of the support.

Conclusion, only the volume will tell where is precisely the support point, but, for sure will be between 0.021 and 0.015.

In my opinion, tomorrow SWVC will brake the 0.023 support.



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