I have programs that send me emails of charts every day. I pick the parameters and I get dozens of charts to view. One chart that stood out for me today was one for JC Data Solutions (JCDS).
Here is the chart:
The stochastics indicate that this stock is clearly oversold. it may have farther to fall since it is in distribuion, but it clearly has some pressure to rise. A sub-penny stock, it could fall as low as $.00075 before it corrects and rises again, IMO.
This is a non-reporting pink sheet company so the risks are known. They say that they have been in business since 1996. JCDS has put out a number of press releases that seem to indicate that the company is on a positive trend. But, companies have been known to lie in press releases (shocker, huh?). They have a website that gives information about what they do: click for link. They need to put a few dollars in the website…it really doesn’t show the company off well and is very dated.
Extremely risky…..short term play….put it on your radar….good luck and good trading
