STRATTON HOLDINGS must hold .0049
Monday 16th of August 2010 08:25:10 PM
Sometimes the difference between a great penny stock that performs like a champ and one that is lackluster and weak is only 1/2 of a penny. This appears to be the case for STRATTON HOLDINGS right now.
It must hold the .0049 level otherwise the uptrend line of the recent large swing trading range is at risk of breaking. Anything under .0049 and STRATTON HOLDINGS goes into the recycle bin. But if somehow, some way STHG can hold here and move higher the rest of this week it may have some life left in it.
With penny stocks one has to be extremely picky and critical of how they behave. This is no love affair here. Either a penny stock behaves to your criteria or you kick it right out your front door until it gets its act together again.
The red dotted trendline is the one I am referring to in the chart above. Today we touched it but admittedly on light volume. The MACD histogram continues to have downward momentum and shows no signs as of yet of any kind of buy reversal signal. . .
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