TRANS GLOBAL GRP IN TGGI in a Do or Die Scenario

TRANS GLOBAL GRP IN (Public, PINK:TGGI) is in a do or die scenario.  This sub penny stock has hit the lower limits of an up trend line on the semi log chart that absolutely must hold tomorrow otherwise TGGI will head to the recycle bin.

This is about as clear as it ever gets in penny stock land.  TGGI must hold .0006 level tomorrow otherwise it risks a break of this uptrend.  The good thing I can say about this sub penny stock chart right now is that price has so far held support and today’s drop was on relatively much lighter volume compared to weeks earlier.

Also notable on the chart is that the RSI (relative strength index) is just perched up on the midpoint 50 level.  This is bullish as long as we STAY above the 50 mid point level.  A break down in price tomorrow will send the RSI below 50 which will confirm the bearish signal.

Overall I have to say that the whole volume pattern is quite bullish looking. I have not seen any huge surges in volume on any of the down spikes in price.  This could mean we will hold tomorrow and rest of this week.  But I can only speculate.  Either we do or we don’t.  Don’t second guess it.  Just let the stock do the work of telling us.

The huge volume surge is what makes this sub penny stock interesting.  But it will need to start surging again along with holding .0006 to keep this uptrend moving.

When penny stocks die, they usually do it by breaking up trend line support and then volume dies as well.  It will be interesting to see how this one shakes out in the final analysis. . .