Obviously if you are holding from our alert at $.0001 - $.0002 now might be a good time to take some profits, no need to get too greedy as you are up 400%. As for as taking a new position, watch the action to ensure no additional shares are being sold into the market.
Today's move took the same volume that the move from $.0001 to $.0002 took, which could represent investors buying and holding for a higher price, which is a good sign. Traders who bought at lower prices are handing their shares to new investors who are holding for even higher prices. It makes for an orderly market in which a stock that once traded for $.0001 can surge to new highs, as long as investor interest persists.
Penny stocks have a way of gaining momentum that is difficult to stop. Check out HESG's high from our previous chart. $.006 would be an amazing pop for this stock, but its been done before and then some.
- It would not be suprising to see HESG open trading at $.0009 or $.001.
- A break above $.001 with conviction and the next target is $.002.
