Thursday, April 1, 2010

Technical analysis: Pacific WebWorks, Inc. (OTC:PWEB)

*Chart taken from www.stockcharts.com

Link to chart: link
Link to google finance: link
Sec filings: link
Company website: link

Support -  0.09 - 0.1
Resistance - 0.15 - 0.18

The chart shows a clear uptrend. Consider the support and resistance levels for effective trading. The chart shows support in the 0.09 and 0.1 range. As long as the stock closes above 0.1 and stays in these support and resistance levels, there are good chances it should continue to go up. It is well over it's 50-day moving average of 0.089, which may be seen as a major support.

*Please do your own research before buying any stock listed here.

3 comments:

  1. PWEB broke the previous high with good volume. 10-K released yesterday should get us to 0.3 atleast.

    ReplyDelete
  2. Dipped in the end today. what are your thoughts?

    ReplyDelete
  3. doesn't look too bad. Came down with lower volume. Let's see how it does tomorrow.

    ReplyDelete