Friday, 17 January 2014

GEMS TV - $0.031 - VOLUME PICK UP BULLISH SIGN ~ RTO DEAL OF AMMALAY COMMODITIES TO FINALISED ~

With penny stocks rallying, we noticed this counter picked up volume in the final half hour of trading and it is seen as a bullish sign to move up higher in the next trading session. We see the potential to GEMS TV trading towards to $0.035 (RESISTANCE LINE) next week on news that the RTO of AMALAY COMMODITIES will be finalised and new placement shares will be issued(this will lead to a gap up in SHARE PRICE).
 

 
1 week target - $0.035
 
1-3months target - $0.05-$0.07

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