It’s been a volatile week on the bulletin boards; here are two more Pink-Sheet tankers that you should keep an eye on in the next couple days for some possible bounce plays:

Double Eagle Holdings Ltd (PINK: DEGH) – Unless you were caught in DEGH from a couple days ago, this stock went wild yesterday with its crazy tanks and bounces! There was an opportunity to scoop up a ton of shares in the low $.20 and as you can see it closed at $.28 for a possible 36.5% bounce play. If you didn’t get in, don’t worry because it is still 62% off its Wednesday high and there could be some more action!

JBI Inc. (PINK: JBII) took a beating pretty much all day, closing near the low for a more than 25% loss. What’s more is the fact that JBII is currently over 54% off its June high of $4.18.

Both of these stocks can easily accommodate medium cap traders with more than $1.6 million dollars in volume!

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DEGH Chart:

• DEGH has bounced off its 20 day moving average closing down over 42%! There could be another opportunity to pick up some cheap shares around the 20day or even the 50 day so keep this stock on your watchlist!
• The RSI is dropping out of overbought and could possibly bounce off the centerline at 50.
• The MACD is showing a potential death cross, which could mean a negative reversal.
• The ADX is showing a potential negative cross that would also mean a negative reversal is possible.

JBII Chart:

• JBII plummeted through support at $2.52 and is currently trying to find a new solid support line a little closer to home.
• The RSI is dropping into oversold territory and could start tipping up for a possible reversal so keep a close watch!
• The MACD is mega weak right now as the histogram bars get larger and the positive line sinks into oblivion!
• The ADX is also weak… Make sure to watch for any signs of a reversal!

The Bottom Line

These are two different types of tanks as DEGH was really quick meaning a quick bounce where as JBII is starting to set up for a possible reversal. There are profit-making opportunities in both of them though and with the amount of volume trading on these stocks, you don’t have to worry about getting shares or selling. Pay attention to the support lines, moving averages, and signs of reversal to have an upper hand on these monsters!

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Good Luck,

Ian Decker

Updated Disclosure: Bought DEGH at $.25

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