ADDVALUE - broke up today on strong volume!

I was just looking at AddValue a couple of days ago when it was approaching the green trendline resistence of 0.056.  My expectations was that if it broke above, then we can probably expect it to head towards the projected target of 0.096.  

Today it hit 0.056 shortly before 4pm and buying frenzy came in to push it to close at 0.063 by 5pm! 

Okay, it is unlikely to be a smooth sailing straight line up to the projected target of 0.096, I would expect some consolidations/resistences along the way, esp around 0.075 to 0.088.

I would consider to take partial profits on the way up, plus trail my stop loss upwards as the stock progresses.

read my previous post about AddValue here

ADDVALUE - poised to break up above 0.056 soon

Addvalue has been steadily building momentum.  It looks ready to break above 0.056 in the near future.  When it does break above (ideally with strong volume), I will be looking at a projected target of 0.096 (71% upside).

p/s as usual, trailing stops is essential on the way up as not all trades will reach projected targets.

Let's see!