SavWatt USA Inc. (OTCBB: SAVW) – Wow, that was an awesome move – I hope you were one of the smart ones able to make some money off my recommendation here. If so, you could have made a possible 112% on SAVW as it blew way above its $.0038 resistance and traded as high as $.0089! Now it seems to be having a nice pullback and there could be a sweet entry to make a little bit more on SAVW!

Yesterday was rough for this stock as it bounced and then bled out to close near the low of the day at $.0046 with minimal bid support! There could be a pullback to the 20day moving average, so put up a bid with me because that’s where I’ll be sitting … just in case …

The Chart Shows

• SAVW tried to rebound, but lost steam and bled out to near the low of the day at $.0046 for a 13% loss in value.
• The RSI is dropping out of overbought territory, which could mean it will need some time to reset itself.
• The MACD is showing a possible death cross and that could mean a possible negative reversal trend in the near future.
• The ADX positive and negative lines a reverting negatively to show a current negative trading trend.

The Bottom Line

SAVW has obviously seen better days, but there might be a chance to pick up some cheap shares in the future for a quick bounce! Watch for a possible pullback to its $.0025 support line, conveniently located on both the 20 day and the 50 day moving average. After we reload, there needs to be another break at $.0038 to continue northward.

Make sure you SIGN UP for my FREE EMAIL ALERTS! Article Winners Last Week: GGRI 229%, FTWR 37%, NEOM 103%, SNOFF 152%,TSTRQ 67%

Good Luck,

Ian Decker

Disclosure: No Position

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