Two Potential Bounce Plays on Deck Today

 

Good morning,
 

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Take a look at Ghana Gold Corp (GGCO) now.

GGCO is
an exploration and development company in production in Ghana.

The Company’s projects range from alluvial production to exploration of hard
rock concessions. Current production has commenced with alluvial (surface
mining) while the team prepares to conduct testing for hard rock deposits
within existing properties.

GGCO‘s
current portfolios of properties provide the company both lucrative immediate
positions while also providing for future growth requirements.

 

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We like the look of GGCO‘s
chart. It is extremely oversold on almost every indicator we can see,
and the pace of decline has slowed – almost to a point where this is
consolidation at these levels.Often, reversals and bottom bounces occur when we see these consolidations.


A short term bounce could be on the cards for GGCO. We think $0.05 might be the first target – which is its former support.

 

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We think GGCO is well
priced here, has a favorable float and a chart primed for a bounce. Keep it on watch today.

 

We also want to alert you to DMHI again. I know, we were a little early on this one but overnight DMHI announced FDA approval of their medical imaging software, TouchPACS. You can read the PR in its entirety below, or check out their website.

 

Needless to say, we are pretty disgusted at how DMHI has traded recently. I can honestly say I have never seen the kind of manipulation we have witnessed in DMHI over the past few days.

 
As we mentioned yesterday, something was definitely up with DMHI. Now, we don’t guarantee there will be a bounce in it today, but with this kind of news, you should definitely keep your eyes on it.

DMH International announces FDA approval of their medical imaging software, TouchPACS, created by their subsidiary Touch Medical Solutions.

March 1, 2013 — Coral Springs, Florida
— DMH International (OTCBB: DMHI), announced that their wholly-owned
subsidiary, Touch Medical Solutions, Inc (TMSI) has received approval
from the United States Food and Drug Administration (US-FDA) for their
medical imaging software suite, TouchPACS. The software is approved as a Class II medical device.

 "The FDA approval has allowed for the
immediate marketing of our PACS software," explained Rik J Deitsch, CEO
of DMH International. "TouchPACS is now registered as a Class II medical
device and can be sold to hospitals, clinics, radiology centers and
physician offices for all of their imaging needs," he concluded.

 TouhPACS is a cutting edge
software suite for the PACS medical imaging market (Picture Archiving
and Communications Systems).  The market was valued at approximately
$2.8 billion in 2010 and it is expected to grow to over $5.4 billion by
2017, according to MarketResearch.com, a research firm based out of
Rockville, Md.

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All the best out there today. Remember to stay disciplined and stick to your trading rules.
 

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Penny Stock General
 
 

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