ACY WATCH

AeroCentury Corp. engages in the business of investing in used regional aircraft equipment leased to foreign and domestic regional air carriers. Its aviation assets consist of turboprop aircraft, regional jet aircraft, and engines.

** Keep on watchlist. if you know penny stocks and this ticker you know how it moves. Might be able to do a scalp and a swing***

ACY looks like it is reversing on the Day timeframe from a 50% retracement. With its low float this ticker can explode, and it seems like it is setting up for it. Higher Lows, Higher High.

Key Level : Break of 10.00 and claim that price action, for a move 12.75 for a break of a major price point. Then Can run to the 15-17.50-20.00 area.

Upside: 10.71/12.75/15.00/ 20.37
Downside/Support : Downside break of 10 can head to / 9.39/9.00/7-8 ish.
Revenue Per Employee : 1.78 M
Float : 1.20 Million
Market Cap -15.6 M


A Few Happy Reminders

* Stop losses will be tough in this stock unless they are set with more risk. I would have a plan if your scalping or swinging.
* If your swinging pick a price and set your target paying yourself area, because if you are not watching this it can pump out of nowhere and then drop.

Good luck ! :)