LONDON, May 23, 2014 /PRNewswire/ --
As we move into the final day of the trading week there has been
a definite drop off in volume within the OTC markets as the summer
approaches where we can expect more volatile trading. Many
traders are also expecting a summer pullback in the larger cap
markets, which can often have an inverse relationship with the
small caps.
Invent Ventures (OTC: IDEA) finished stronger for the day in a
heavy days trading ahead of the market open today on the street.
Shares closed higher by an impressive 45% and also very close to
the high of the year which makes this a classic momentum play in
today's trading. The company which acts as a technology fund for
web and mobile is starting to pick up pace in these markets.
Green Automotive Company (OTC: GACR) also finished higher for
the day going into today's open after closing higher by 12%.
This latest move off the bottom for the state of the art
automotive firm focusing on zero emissions needs to break through
the $0.03 resistance point if trading
stands a chance of getting back on track. Trading to close
yesterday was a solid move in the right direction, we will see if
the company can follow through.
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Lithium Exploration Group (OTC: LEXG) which was once one of the
darlings in over the counter trading finished lower by 15% as it
gave back the gains from the previous day's trading. The question
is can we see shares in LEXG bounce back to the upside in today's
session as the maker of lithium batteries looks to get back on
track and break out of its current downtrend.
ImageWare Systems (OTC: IWSY) closed above its resistance point
of $2.00 after closing at
$2.03 higher by almost 4% on the day.
If we can see follow through in shares today then we could be
looking at a move higher. The current 52 week high in the name is
$2.85 and shares in ImageWave look
like they may be on their way straight back to that price on a
technical basis. The volume is also quite light in the name
which can often push the stock higher, quicker.
Finally L&L Energy (OTC: LLEN) gain was higher on the day
with increased volume coming into the stock. L&L closed
higher by 11.8% on the trading day; however after trading down from
$0.87 to the $0.40 range, we need to see shares at least get
through the technical point at $0.50
to stand a chance of breaking through the high. This was a
solid move off the bottom in trading and looking for follow through
in this name today.
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SOURCE AMG Global Advisors Ltd