Don't let a slowdown in trading activity around the Thanksgiving holiday blind you to a good opportunity. We found three highly-compelling charts that deserve traders' consideration. They are Industrial Nanotech Inc. (OTC:INTK), MASS Petroleum Inc (OTC:MASP), and Compliance Systems Corp (OTC:COPI). Let's look at each one in detail.
Try as the bulls might, there's probably no saving
Compliance Systems Corp (OTC:COPI) at this point. The stock has continued to hammer support at $0.01. On Tuesday though, it was a higher-volume hammering. The bulls have to be thinking pessimistically now.
The chart of Compliance Systems is actually pretty clear. The floor at $0.01 ($0.0099, actually) is the last line of defense. The problem is COPI is already in a downtrend; there's plenty of bearish momentum. The way to play it is to set up a trade trigger at $0.0098 or so. If Compliance Systems breaks under that mark, I wouldn't be surprised to see a return to March's lows around $0.002.
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Industrial Nanotech Inc. (OTC:INTK) is another bearish set up that's 'on the verge', and would work well with a trade trigger.
Support is at $0.05, and it's precise. In fact, it's exact for Industrial Nanotech... and has been all month (and was almost as perfect back in September). Simultaneously, INTK has been making a string of lower highs. I think the bears are going to win this battle. Once support goes, there's not another floor until $0.028.
I'll caution you specifically about a trade-trigger set up like the one Industrial Nanotech is making - trying to be pre-emptive or outguess the market is not worth the risk. Patience.
And finally, just a quick blurb on
MASS Petroleum Inc (OTC:MASP) - I think there may be a quick bullish pop in the making.
No biggie, but after a pullback about a week ago, MASS Petroleum shares have started a rebound that's starting to accelerate. The kicker, however, is the way the buying volume has flowed back for MASP. So far, the stock hasn't raced out of control, but that's good - I'd rather not chase it.
This call on MASS Petroleum is strictly a swing trade, based more on hype and/or pump. So, don't get married to it. A move to $0.15 would be a big deal right now for MASP.
If you'd like to know of any changes in our opinion of COPI, MASP, and INTK, be sure to Sign-Up for our FREE weekly Small Cap Network Newsletter TODAY! Identify quick changes in current market activity and receive timely trading ideas aimed at maximum ROI. Click Here to learn more...
