Yesterday, Timeshare Holdings Inc (PINK:TMSH) entered the trading session with a promotional back up. Thus, its stock rose 11% to $0.11 on a volume of 333 thousand shares, which is not a very spectacular increase compared to its daily average volume of 240 thousand shares.
The promotion was led by Penny Stock Rumors and Moving Pennies who received $2,500 for the service. This was actually the second promotion of TMSH for the month. The first one came form Wise Alerts, who hold 120 thousand shares of the company.
As far as the stock chart is concerned, it is most notable that TMSH eventually managed to break up both the 50- and the 200-MA in the last two trading sessions. The MACD indicator is also in a bullish mood and bolsters the started climb. [BANNER]
Last Tuesday, TMSH announced that its joint venture partner for India Helios Inc. has made an engineering advancement which would allow its biomass unit system to take all forms of waste and convert it to electricity. However, the market completely ignored the news and caused a significant depreciation in TMSH stock.
Any way, the company is again in a promotion, which means that the coming trade may become too volatile to forecast. AT present, it seems that the market pays much more attention to the technical configuration of TMSH stock chart than any other attempt by the company to influence the its share value.
