Technical Outlooks: BRYN, PTN, BBI : Stocks In Focus : SmallCap Network

Though the market's in the hole today, that doesn't mean every single stock is in the red with it. Among Palatin Technologies, Inc. (AMEX:PTN), Blockbuster Inc. (NYSE:BBI), and Bryn Resources Inc. (OTC:BRYN), we found a bullish chart, a bearish chart, and one at a key inflection point. Here's a better look at all three.

If you've given up on Blockbuster Inc. (NYSE:BBI) already, you might want to give it just a little more time. The pullback may be near the end of running its course.

Blockbuster shares made a minor support line out of $0.66 all throughout Q2 and party of Q3. With BBI approaching that level now - and with selling volume never really being all that strong - it's not crazy to be thinking about a rebound here. Moreover, even if $0.66 fails to hold up as support for Blockbuster Inc., there's the multi-month low of $0.58 that could do the job.

Is that a buy for BBI? Not even close. It's a notification that the worst may be over. If Blockbuster falls under $0.58, there's not much to stop it until $0.35.

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I really thought Palatin Technologies, Inc. (AMEX:PTN) might have a chance at staving off a pullback. After today though, I think most owners are deciding to become sellers.

The trouble started in late October when Palatin Technologies broke under a key rising support line. Bad went to worse this week - today actually - when PTN fell under a minor support line at $0.28. Were it not for the slight increase in volume I might not care. When putting it all together though, the chart's got a long list of burdens.

There's a major Fibonacci support line (not shown) at $0.22 for Palatin Technologies, and that area was a support area anyway in June and July. So, don't be shocked if there's some turbulence and/or a rebound for PTN there.

And finally, Bryn Resources Inc. (OTC:BRYN) is my only bullish idea with this batch of charts.

Truth be told, Bryn Resources has been heavily touted by promoters over the last few days. Normally I steer clear of those pops simply because once the pumping stops, the stock can come crashing down in a hurry. While I don't know if the BRUN pump has stopped yet or not, I do think this chart could be one of the rare exceptions and actually start trending higher.

The clue for me is volume. The volume surge and kick-off for the rally on the 9th was clearly the beginning of the promotion for Bryn Resources Inc. Check out what we didn't see for BRYN on any of the pullback days though... volume. Even the closing prices on the down days were well above the lows for the day, suggesting some buyers were trickling in, not wanting to not own it before the next day started.

While I know the party has to end sometime, I think this chart has a great deal of upside left.

If you'd like to know of any changes in our opinion of BRYN, BBI, or PTN (or if we officially recommend them as trades), be sure to sign up for our free newsletter today. It's delivered weekly.

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meetings and calls held with institutional investors in the US and Canada.

Comment #3 Posted by Bob Dean Nordberg Mon Nov 23, 2009 11:49PM PST

# / Rating : 1 / 5.00 - 1 : 2 : 3 : 4 : 5

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			Symbol			BRYN

Bryn Resources Inc. Provides Corporate Update

2009-11-17 09:14 ET - News Release

TORONTO, Nov. 17 /PRNewswire-FirstCall/ - BRYN Resources Inc (PINKSHEETS: BRYN) (PINKSHEETS: BRYN.PK). The company has received a number of investor calls for the past two weeks. Many of the calls reference the share price of the company.

The recent surge in volume and the buying interest in the company's stock could be due to some of the recent meetings and calls held with institutional investors in the US and Canada.

Bryn Resource Inc. was well received by those investors because of the company's new focus on acquiring producing and near producing properties. The company anticipates being able to deliver some more strong acquisition news in the next seven to ten business days. The company stated mission is to acquire North American gold producing properties. We believe we have identified a handful of new targets which would fit well into our timeline of 0 to 12 months development.

Furthermore, Bryn Resources Inc will be in a position to announce some notable additions to the management and board of directors' team. The new acquisition program has caught the attention of some industry heavyweights and we expect to be able to finalize appointments before month end.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from to time in the Company's periodic reports filed with the Securities and Exchange Commission.

Bryn Resources

CONTACT: Bryn Resources Inc, Paul Diana, (416) 347-6548

Insider selling is non-existent on BRYN.

Comment #2 Posted by Bob Dean Nordberg Mon Nov 23, 2009 11:42PM PST

# / Rating : 0 / 0.00 - 1 : 2 : 3 : 4 : 5

--- On Mon, 11/23/09, Penny Stock Chaser <newsletter@pennystockchaser.com> wrote:

Hi birdmanbob4@yahoo.com,

BRYN, THIS MASSIVE MOVE IN GOLD IS GOING TO PAY OFF BIG FOR INVESTORS IN BRYN

PSC had a call with BRYN management this morning. They confirmed to us that they are in the process of closing some big deals as per their PR on November 17, 2009. A press release on deal closings could come any day.

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-pTO721-U:BRYN-20091117&symbol=BRYN&news_region=U

BRYN’s timing couldn’t be any better. Some of the biggest investors in the world are beefing up their positions in gold.

READ THIS LINK ON GOLD AND YOU WILL BE RUNNING TO BUY GOLD STOCKS.

http://www.marketwatch.com/story/new-gold-bugs-taking-gold-mainstream-2009-11-23

The stock in BRYN really came to life when they struck a deal to acquire an interest in the Windflower property.

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-pTO653-U:BRYN-20091113&symbol=BRYN&news_region=U

This property could yield $33 million in revenue for BRYN.

The company tells us that the next deal will be bigger.

WE ARE VERY PUMPED ON BRYN. MEMBERS NEED TO BE IN THIS STOCK.

Many people are watching the story as it unfolds.

http://community.smallcapnetwork.com/Technical-Outlooks-BRYN-PTN-BBI/s/article/view/p/mid/3/id/120/

PSC thinks BRYN could spike on the next news release. Insider selling is non-existent on BRYN. The chart on BRYN shows constant accumulation.

Please remember to do your due diligence on BRYN
For more information on BRYN, please join us on our website.

This message was sent from Penny Stock Chaser to birdmanbob4@yahoo.com. It was sent from: Pennystockchaser, PennyStockChaser 220 E. DELAWARE AVENUE, Newark, Delaware 19711. You can modify/update your subscription via the link below.
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BRYN, THE TECHNICALS ON BRYN ARE AMAZING

Comment #1 Posted by Bob Dean Nordberg Mon Nov 23, 2009 11:37PM PST

The truth will set you free!

--- On Mon, 11/23/09, Penny Stock Chaser <newsletter@pennystockchaser.com> wrote:

From: Penny Stock Chaser <newsletter@pennystockchaser.com>
Subject: BRYN, THE TECHNICALS ON BRYN ARE AMAZING
To: birdmanbob4@yahoo.com
Date: Monday, November 23, 2009, 9:06 PM

BRYN, THE TECHNICALS ON BRYN ARE AMAZING

The fundamentals on BRYN getting better every day. The price of gold is going to the moon and BRYN has signed one acquisition and we are expecting many more. These planned acquisitions are near production and the current spike in gold could mean massive cash flow before for BRYN. If gold goes to $2000 an ounce, BRYN could go nuts.

http://www.guardian.co.uk/business/2009/nov/23/gold-reaches-record-prices

On top of the solid fundamentals, BRYN is getting the green light as a buy from many chart services on the internet.

www.freecharts.com has BRYN pegged as a 100% buy on short, medium, and long term basis. This solid outlook gives investors reason to believe that good news could send the BRYN share price flying.

http://www.freecharts.com/Equities.aspx?page=texadv&sym=BRYN

BRYN - BRYN RESOURCES INC (OTC)

Date Open High Low Last Change Volume % Change

11/23/09 0.4400 0.5150 0.3750 0.4900 +0.0900 1385000 +22.50%

Composite Indicator -- Signal -- -- Strength -- -- Direction --

Trend Spotter (TM) Buy Maximum Strongest

Short Term Indicators

7 Day Average Directional Indicator Buy Average Strongest

10 - 8 Day Moving Average Hilo Channel Buy Average Strongest

20 Day Moving Average vs Price Buy Maximum Strongest

20 - 50 Day MACD Oscillator Buy Maximum Strongest

20 Day Bollinger Bands Buy Weak Strongest

Short Term Indicators Average: 100% - Buy

Medium Term Indicators

40 Day Commodity Channel Index Buy Minimum Strongest

50 Day Moving Average vs Price Buy Maximum Strongest

20 - 100 Day MACD Oscillator Buy Weak Strongest

50 Day Parabolic Time/Price Buy Strong Strongest

Medium Term Indicators Average: 100% - Buy

Long Term Indicators

60 Day Commodity Channel Index Buy Minimum Strongest

100 Day Moving Average vs Price Buy Maximum Strongest

50 - 100 Day MACD Oscillator Buy Minimum Strongest

Long Term Indicators Average: 100% - Buy

Overall Average: 100% - Buy

Click on the indicator for a graphical interpretation of the result
or visit the Learning Center for more information on the studies

www.stockta.com is rating the chart on BRYN as VERY BULLISH. There is a .39 floor on the www.stockta.com chart for BRYN. There is no upside limit on their chart for BRYN. They see no resistance. Again, this chart leads us to believe that good news could cause a run on the stock.

During our call with management today, BRYN confirmed that they are working on some new deals and we should hear something very soon. Members need to read in between the lines of their last PR.

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=U-pTO721-U:BRYN-20091117&symbol=BRYN&news_region=U

PSC would also expect to hear about some share cancellations/reductions and/or board appointments. This is on top of the deal closings.

We have set the bar very high for BRYN and we think they will deliver.

The team @ BRYN has been planning all this for a year and now is their time to shine.

Please remember to do your due diligence on BRYN
For more information on BRYN, please join us on our website.

This message was sent from Penny Stock Chaser to birdmanbob4@yahoo.com. It was sent from: Pennystockchaser, PennyStockChaser 220 E. DELAWARE AVENUE, Newark, Delaware 19711. You can modify/update your subscription via the link below.
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Technical Outlooks: BRYN, PTN, BBI

Charts of Palatin Technologies, Bryn Resources, and Blockbuster are reviewed as trading possibilities.

meetings and calls held with institutional investors in the US and Canada.

Bryn Resources Inc. Provides Corporate Update

Insider selling is non-existent on BRYN.

BRYN, THE TECHNICALS ON BRYN ARE AMAZING