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Passionate about the markets and Technical Analysis. The learning never stops!

Thursday, April 6, 2017

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.

Koh Eco broke up on strong volume


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