We’re “Double Dipping” For Another Round of MDCE Profits
PENNY STOCK HIGHLIGHT: MDCE
Last Monday, we took advantage of Medical Care Technologies Inc. (OTCMKTS:MDCE) low price point for easy triple-digit gains.
Just two days after I wrote that article, MDCE moved up 100%.
Whether it’s a stock… or a sauce… when something looks this good… you just have to double dip.
So that’s exactly what we’re doing today.
We’re double dipping the Penny Hawk way and positioning ourselves for another quick triple-digit profit.
LET’S GET TECHNICAL
A silver cross occurs when a stock’s 20-day moving average crosses above the 50-day moving average. It’s a telltale sign that shares are about to jump, and that’s exactly what’s happening to MDCE.
Today, MDCE closed at $0.016. And this spike is targeting a $0.025 to $0.03 price range, making for a massive profit opportunity, to the tune of almost 90%.
But MDCE’s silver cross isn’t all I’m looking at.
You can also tell by the volume, as indicated by the red and grey bars at the bottom of the chart, that momentum is rising. At the same time, the relative strength index (RSI) of the stock shows that there is room for it to rally higher without any resistance.
Silver cross, rising volume, and rallying RSI? That’s why we’re going to double dip and get back in this stock.
ACTION TO TAKE
As you may know, I trade technical patterns because it allows us to make predictable profits like we are doing with MDCE.
Now there are an infinite number of patterns on the stock market… and naturally, different investors see different things in the market.
For example, the man who helped develop the Volatility Index ($VIX) recently showed me an amazing stock pattern.
When he showed me that top brokerage firms are actively restricting retail Americans from purchasing these explosive stocks… I told him I have to show this to my Penny Hawks.
One Wall Street firm told brokers not to recommend this corner of the market for normal Americans… until now.
Click here for the full details on the stocks Wall Street hid from you.
Until next time,
Chris Johnson
Comments
August 16 2021
