LAS VEGAS, NEVADA — (Marketwire) — 01/11/12 — Rocket Alerts has been tracking this one since the beginning and in a little over two weeks North Springs Resources Corp. (NSRS), a heavily promoted Over-The-Counter issue has traded well over a quarter of a billion shares and shot up in share price making hordes of shareholders believers in the company-s golden future. However as is often the case with these types of companies, once the promotion ends and the hype disappears, the share price inevitably drops trapping most of the previously euphoric investors. The trick then is to figure out how far it can go and bail-out with your profits intact.
First the good news, the stock appears to have a solid support level at around $.40, and this should comfort many shareholders who had to be more than a little nervous during yesterday-s unexpected and dramatic mid-day pullback. Now, for the more troubling part of the picture. There appears to be a determined resistance level at $.50 and this is surprising given the flurry of positive news emanating from the company and the momentum which the stock had built up over the past two weeks. Repeated attempts to break through this barrier have so far been thwarted. Other than modest rebounds yesterday and this morning we have seen little in way of encouraging activity, perhaps this afternoon will see a dramatic upward thrust.
At Rocket Alerts we specialize in spotting the subtle signs of impending disaster. The reason I say “signs” and not patterns is because most often there is not a particular pattern to watch for. Chart Pattern Recognition is a valid if not an altogether perfect tool for figuring out Big Board stocks and predicting their behavior, it is however mostly useless when applied to OTC issues. This is why so few who play the OTC market, make money in the long term, they are using the wrong tools for the job. And this is why just when they think the stock can only go up it starts tanking.
Playing the OTC market you have to know what signs to look for but if you know what they are, they will lead you to huge profits. With our approach you will get not only be able to get in early enough to profit from the rise but you will also learn what signs to look for in order to have a safe and profitable exit strategy. To see how you can boost your investment profits with our absolutely FREE Newsletter please visit our website: .
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