Recently, the penny stock frenzy has been aweing investors all across the nation.
However, this penny stock  has rather caught my attention and I would say, surprised me !

Here's a gentle reminder of what happened 5 months ago.  Take a look at this Technical Analaysis.

                                                                (Source : tradesignum.com)

In the recent months, this counter has reached a high of RM0.215. However, in June, there was a huge selloff, panicking and flushing out most speculators and investors. In my very humble opinion, I believe that this  stock has bottomed out and could see more upside potential. The MACD signal looks fantastic, right at the 0 mark. There was also large volume spikes in the recent month. Something fishy going on? Watch out for this one !

Immediate resistance : RM0.15

Support at RM0.125

Should the RM0.15 resistance be broken, expect the Rm 0.20 level to be tested again.

Potential Catalysts: - Good earnings report this week .
                                    - New partnerships with top firms in the industry
                                    - New and fresh customers

Downside : -Unexpected new challenges/competitors/ lack of new projects
                     - Bad earnings report.

If this counter manages to find a perfect niche in this industry , then i would say it has a great future ahead. We all know too well about the explosive growth of  Tech counters such as Dsonic and Pestech... Not too long ago, they were also penny stocks..

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