Tuesday, October 6, 2009

ZENG - The Beginning Of A Move To The Upside?

ZENG was alerted to readers on September 27th.  The stock had fallen significantly from its high around $.12 a share and looked to be consolidating in the sub $.02 range.  We thought there was a good chance of a sizeable bounce in the near future.  We even called for a bounce above $.02 which is exactly what we got today.

http://pennystockgurus.blogspot.com/2009/09/stocks-to-watch-monday-september-28th.html





This could be the start of some nice gains for ZENG after posting a 50% rise today.  $.03 should be the next level of resistance.  An attempt at this price could occur this week.  Keep ZENG on your watch list.

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