Chasen Holdings - 113% move in 8 days!

On March 24, I wrote about Chasen Holdings being another stock in early Stage 2 (see my original post here). 

At that time, Chasen was at 0.067.  Just 8 days later, it hit a high of 0.143 (a 113% move!).
It as such a quick strong move and I have decided to lock in the profits. :)

Blackgold Natural Resource - 80% profit in just 2 days!

On March 26, I spotted Blackgold Natural in early Stage 2 (with good volume to boot).  (see my original post here).

Entering it at 0.108, what followed the next 2 days was beyond my expectations!  It shot up vertically to hit a high of 0.195 (>80% move from my entry).  The next day, I saw a possible short term reversal and decided to lock in all my profits at 0.188 (74% gross profit, can't ask for more).

It is now consolidating between 0.170 to 0.195.  The move might not be over yet unless it starts to close below 0.170.  Let's see.

Spackman - Follow up on this harmonic swing trade (profitable trade)

On March 26, I spotted a Bulllish Bat/Gartley pattern (see the original post here) and the plan was to enter between 0.16 to 0.163.  The next day, Spackman traded between 0.158 to 0.165, making the entry possible.  However, it continued to whipsaw about between 0.167 and 0.157 for the 7 days (not easy on the emotions, even though the inital stop loss just below 01.54 was not triggered).  

Finally on 6 April, Spackman finally making a decisive move up, hitting a high of 0.182 yesterday!

Entering at 0.163 and taking partial profits at 0.18 would have yielded a gross profit of 10.4% in less than 2 weeks, not too bad.  For the rest, I would advise to trail the stops to just a tick or 2 below the last candle low of 0.175.  I would consider to take another 1/3 (or even all) the profits around 0.19 where there is possible resistence coming up there.  

The more gutsy could attempt to hold to see if it is possible to reach 0.205 (trailing the stops up).

Koh Eco - Off to a solid start into Stage 2

As I mentioned in my post on 13 Feb that a lot of Penny Stocks are getting into early Stage 2 (the start of a new bull cycle), more and more penny stocks have been breaking out of their base formation.

Here is another one, off to a solid start looking at the huge volume upon the breakup.
However a word of caution, if you have missed entering near the breakup level (in this instance it is at 0.101), then do not chase blindly in..  Wait for some consolidation to accumulate.

Net Pacific - Accumulation going on

Look at Net Pacific.  Strong volume in the past few weeks... waiting for a break above 0.08.

Jubilee - Another Penny Stock in accumulation mode

Since the begining of this year, a lot of pennny stocks have been in accumulation mode and gaining momentum in the last few months.  Here is another one moving into Stage 2