SVNT returned nearly 20% yesterday to those that follow the SuperNova Elite subscribers. This stock was heavily shorted and after decent earnings short sellers covered their positions. More importantly, strong resistance was broken at the $0.80 cent range. However, should we see it break $1.00 I think it could go as high as $1.09 short term or maybe even $1.25.
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We are also entering a key level. The 20 day moving average line on the weekly chart above is at $1.09 so that could act as a solid barrier for SVNT and this Awesome Penny Stock Alert from the SuperNova Elite Newsletter
As a disclaimer, pay close attention to news regarding this stock. Short sellers have beaten down this stock and the overall prospects for this SVNT aren’t very spectacular. This stock has risen fast, so watch out should this stock pullback.
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