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Sub-Penny Bounce Alert For Monday
Umax Group Corp.
(symbol: UMAX)
It’s time to get into the full swing of things. Even though the market took a hit on Friday, we are starting to see the exact opposite with pennystocks. In fact these last 2 weeks have had some incredible action in the micro-cap space. So it looks like the trading season is starting earlier than expected and for us that could be GREAT NEWS. Monday morning we will be looking at one of the micro of micro caps…we’re talking sub penny levels and the stock hit a lower support last week just before it started a late afternoon rally Friday.
We think this may be “THE” catalyst to spark an early breakout trend heading into Monday morning. In addition to that, the company had made a key announcement we feel could also build on what’s started happening in the market for Monday’s play, Umax Group Corp (UMAX).
(UMAX) Bottom Bounce Chart
It’s pretty clear to us that UMAX has seen its share of downward pressure of the last month or so…bad news for those who were in too early but could potentially be an open door for those looking to catch on from the bottom. Over the last 2 weeks or so it looks to us like UMAX has firmed up support between 0.0012-.0013 from what we see on the chart. Friday saw one of the first green days it has had in awhile and despite lighter volume, UMAX moved up from support and ended up closing at the high of the day at 0.0015 (a swift 25% jump). In our opinion this could be the early start of a new bounce trend where we have a possible opportunity to have a front row seat.
About UMAX
UMAX has entered the market of green sustainable homes, with the intention of building them with to near Net Zero Energy use, utilizing solar panels build into the build cost. Where possible hydroponics and green houses will be an aspect of the home developments encouraging home grown organic produce within the communities…that means that a house or building that UMAX would build produce as much energy as it uses… “Net zero”.
Furthermore UMAX entered into a real estate agreement to develop 10 custom green homes in the Las Vegas Valley last month. The company is working to raise initial capital but according to the company, complete sales of just these 10 homes could produce upward of $1.2m! Friday UMAX announced that it has completed negotiations with a Utah general contractor to establish a licensed contractor company in Southern Nevada. The alliance will significantly reduce Construction and development costs on identified projects in the Nevada housing market.
The west coast may in fact be the best place to focus and Las Vegas is in the region. California, for instance, has a goal to have all new home builds be net zero homes. The California Public Utilities Commission and the California Energy Commission have launched a residential Zero Net Energy Action Plan to build a self-sustaining market for all new homes to be net-zero energy by 2020. It’s not just single-family homes that California is trying to reinvent either. The action plan also applies to multifamily homes of less than three stories and low-income housing. So it’s not just “some new idea that might catch on,” California as a whole has set forth plans for a statewide initiative!
Taking It To The ‘MAX!
Monday morning we’re setting out sights on UMAX for a bottom bounce set-up. The latest activity from the company on this new net zero home project seems to have ignited more attention on the company, causing an uptick on the chart. Wit ha float of less than 89m shares showing in the float according to OTCMarkets, things could start to happen quickly! At the current pps a float that size is very low in our opinion compared to other companies we’ve seen in the past. The bottom line is UMAX is in our sights tomorrow morning and we’ll be watching it from the get-go. If you choose, pull up UMAX and be ready to go bright and early Monday morning!
How to get started.
I get a lot of questions regarding what brokerage firms to use to trade OTC Stocks. The one I like the best is Etrade.com. Now with that said there are tons of brokers out there to choose from and here is a great place to compare.
http://www.brokerage-review.com/stock-brokers/list-stock-broker-firms.aspx
Rules for the Road
When trading timing is everything. You need to judge your buys and sells correctly. Lots of traders end up losing money even though they had massive gains at one point and decided not to take profits. Successful trading is all about taking small profits and living with even smaller losses. If you see a reasonable gain you need to sell and go about enjoying the rest of your day. With any of my trade alerts the best time for the cheapest shares can come from the opening bell. Once you have established a position make sure you do not walk away from your computer until you have entered your sell orders because the market can move for you or against you in a hurry.
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Great Trading,
ImpressivePennyStocks.com
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