FRMC

This stock is pulling back after going up for three straight days. It's momentum stopped at .056 this morning. That is around where the 20 day EMA is. Usually stocks will initially pullback after hitting that average. Once this pullback is complete, I expect the stock to go above the 20 day EMA.  See chart below:

Click on the chart to make it bigger.  The 20 day EMA is the green line.  This stock is bouncing off of RSI 30.  Stocks that have an RSI of 30 or lower are considered oversold.  This stock has a lot of room to run, and should at least be able to bounce back to 10 cents, but could get as high as .20-.30.  Just depends on news, momentum, possible dilution, etc.  We will stay on top of it.  My entry was .045, and I am willing to add more if it drops a little.  Currently, I do not have funds to add to my position.