Categorized | Stock Newsletters
Watch TWWI Trade Tomorrow…Strong Support Plus Solid Upside
Posted on 19 July 2010 by admin
I've used the terms "early bird" and "ground floor opportunity" on certain trade ideas.
That's done when referring to companies whose that I believe are at the early stages of accumulation and setup to witness a corresponding step up in price over the course of a few days.
Well, I consider Thrive Worldwide (OTCBB: TWWI) could be a ground floor -early bird trade idea that everyone should consider immediately.
Why? Because not one single share traded the day before I initiated TWWI as my next pick today.
Which means mainstream microcap investors don't have TWWI on their radar.
TWWI -at $0.05 - is well undervalued in my opinion.
Yet, I expect that tomorrow that could all change.
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Look At Level 2: Solid Support & Big Upside Potential
Trade Smart. TWWI Could Make Traders Solid Gains
Some investors often get in at the opening market price in an attempt to get the lowest overall share price. And that often works if there is some degree of resistance in the stock.
However... I don't see much resistance in this symbol.
So that means if enough orders are entered then the stock could open much higher than where is closed. Considering a stock after a 5% gap up in my opinion could be fine...10% and greater then the stock needs to be under the upper Bollinger band.
My point is this. in an effort to avoid a gap up, investors could consider putting a portion of their orders right after the bell rings. The effect is that helps to avoid purchasing shares of TWWI too high and avoid a strong gap upwards in price. That practice could lead to a tremendously profitable day.
Not to mention, many technical traders wait for the first few moments of a market to allow the stock to stabalize....and then enter shortly after the opening bell.
Just take a look at the Level 2 Snapshot that shows how fast this could move up...and
But for traders this could be more like a money train.
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TWWI is looking like it's going to begin moving northbound and gaining momentum.
Consider TWWI's upside potential and don't miss out!
Best Regards,
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