Power3 Medical Products, Advanced Cell Technology, and Samson Oil & Gas Limited are given a technical once-over.
It looks like the market's going to end the day with tepid gains... nothing all this inspiring. Some of the names from the nether regions, however, seem to be packing a little more punch, Here's a closer technical inspection of Samson Oil & Gas Limited (ADR) (AMEX:SSN), Advanced Cell Technology, Inc. (OTC:ACTC), and Power3 Medical Products, Inc. (OTC:PWRM).
It's been like watching paint dry, but Samson Oil & Gas Limited (ADR) (AMEX:SSN) finally appears to be on the verge of doing something interesting and trade-worthy. That said, make no mistake - I think the tepidness of late is going to turn into explosiveness sooner than later (a change that may have already begun).
My last look at SSN was on December 9th. I liked it at the time, as the stock had finally pushed above a big resistance line and out of a sideways zone; it was priced at $0.23 then.Today,with Samson Oil & Gas Limited shares trading at $0.26, it would be hard to say the stock has been on fire.... especiallyconsidering the bulk of that gain all happened today. I think, however, that the big push today is the second effort of the bullishness that SSN tried to jump-start a month ago - it just needed time to build some more momentum.
As before, I really think Samson Oil & Gas Limited has a legitimate shot at getting back to the $0.70 area (if not higher).That's the low end of the range where SSN has struggled before.
I think this bullish shove will be good enough to give ACTC shares at least a decentshot at getting back to the mid-$0.20 area.... say $0.26.That's where things started to unravel with the last two pops. On the other hand, assume nothing about Advanced Cell Technology shares... keep this low-priced, thinly-traded name on a short leach if you're planning on going long.
Well, I was wrong about Power3 Medical Products, Inc. (OTC:PWRM) back on October 27th, and I'm man enough to say so. More importantly, I think PWRM has proven itself well enough that we can reasonably expect the stock to go higher from here.
With the last look, PWRM was at $0.062, and pointed lower. And, shares did indeed move a little lower over the next two days. Since then, Power3 Medical Products has made its way to higher higher, and re-framed its key Fibonacci lines. Better still, PWRM has verified those Fib lines by meeting support/and or resistance at each one..... at $0.14 (on 12/18), and 0.09 (on 12/11).
Good news though... the resistance at $0.14 has been crossed by Power3 Medical Products, Inc. shares, and that line has since acted as support (yesterday and today). Getting PWRM above that line was bullish enough, but seeing the bears try and knock it down - - further solidifies our upside odds here. In other words, this is a decent buy.
It's been like watching paint dry, but Samson Oil & Gas Limited (ADR) (AMEX:SSN) finally appears to be on the verge of doing something interesting and trade-worthy. That said, make no mistake - I think the tepidness of late is going to turn into explosiveness sooner than later (a change that may have already begun).
My last look at SSN was on December 9th. I liked it at the time, as the stock had finally pushed above a big resistance line and out of a sideways zone; it was priced at $0.23 then.Today,with Samson Oil & Gas Limited shares trading at $0.26, it would be hard to say the stock has been on fire.... especiallyconsidering the bulk of that gain all happened today. I think, however, that the big push today is the second effort of the bullishness that SSN tried to jump-start a month ago - it just needed time to build some more momentum.
As before, I really think Samson Oil & Gas Limited has a legitimate shot at getting back to the $0.70 area (if not higher).That's the low end of the range where SSN has struggled before.
Do I believe in the breakout effort Advanced Cell Technology, Inc. (OTC:ACTC) has made over the last four days? Not that it's without it's pitfalls - like the stock being a fairly unknown bulletin board name at the top of that list - but yeah, I think ACTC is a decent speculative buy based on the way the chart's taken shape recently.
The key signal here is support at $0.09. Yes, ACTC shares have traded under that mark a few times since December. But, that line has been support more often that not going all the way back to March. Either way, Advanced Cell Technology, Inc. is back above it now in addition tomore recently moving above a significant resistance line.I think this bullish shove will be good enough to give ACTC shares at least a decentshot at getting back to the mid-$0.20 area.... say $0.26.That's where things started to unravel with the last two pops. On the other hand, assume nothing about Advanced Cell Technology shares... keep this low-priced, thinly-traded name on a short leach if you're planning on going long.
Well, I was wrong about Power3 Medical Products, Inc. (OTC:PWRM) back on October 27th, and I'm man enough to say so. More importantly, I think PWRM has proven itself well enough that we can reasonably expect the stock to go higher from here.
With the last look, PWRM was at $0.062, and pointed lower. And, shares did indeed move a little lower over the next two days. Since then, Power3 Medical Products has made its way to higher higher, and re-framed its key Fibonacci lines. Better still, PWRM has verified those Fib lines by meeting support/and or resistance at each one..... at $0.14 (on 12/18), and 0.09 (on 12/11).
Good news though... the resistance at $0.14 has been crossed by Power3 Medical Products, Inc. shares, and that line has since acted as support (yesterday and today). Getting PWRM above that line was bullish enough, but seeing the bears try and knock it down - - further solidifies our upside odds here. In other words, this is a decent buy.
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