Last week the share price of Force Fuels Inc. (PINK:FOFU) broke a hard resistance level following the effects of two optimistic press releases issued by the company. For today’s session, FOFU will have to rely on its featuring in a stock promoter’s newsletter, unless the company has more news to announce. 
Yesterday FOFU closed the market with a 10% gain for its share price at $0.11. Trading volume exceeded 110,000 shares, which being way above the average made the session one of the most intensive ones recently. Yet, in the past three sessions FOFU is moving again in a lower trading range, where $0.12 could serve as resistance and $0.08 as a support level.
It looks stock promoter Insane Stocks.com has decided that this a favorable constellation to put FOFU again on radar. The promoter claims the stock is setting up for a “bottom bounce play” and could try re-testing some of the recent highs. Subsequently, it has been also pointed out that one of that promoter’s previous pick has delivered a 45,000% jump. Today’s session will show if such claims would be enough for FOFU to rise up, in any case the newsletter contains no cash compensation disclosure and thus it is to be assumed that it was a free alert.
The news from last week was that Force Fuels has appointed a new member to its Business Advisory Board – Gary Cohee, “an Investment Banker with over 38 years experience in Syndicate sales, Mergers and Acquisitions, Public Stock Offerings and Private Placements”, and a founding member of Force Fuels. A day before that, the company said also it has signed an engagement letter with Carroll Energy to prepare the preliminary geological reports needed to drill 15 new wells on the company’s properties.
Maybe FOFU new Board member will now finally help the company raise the needed funds to bring its oil and gas operation to a profit. At the end of April this year, the cash position was about $48,000 and the company has again reported no revenue.
