Posted On: 12/08/2013 5:05:43 PM
Post# of 2561
SKH Daily Chart ~ Looking for an Entry
I was hoping to enter this chart play on Thursday and Friday at the 4.75 level but missed by two cents. The set up hear is clear, a rising support line and a horizontal resistance line. An entry in the 4.70s would have been great as a move to the resistance line would have been good for approx 9%. But what I would be looking for, if I was in the stock already, would be for a break above that horizontal resistance line for a potential into the low 6.00s. At this point, I'll be holding for a retest of the rising support line or entering if the stock closes above that pink line. GLTA
I was hoping to enter this chart play on Thursday and Friday at the 4.75 level but missed by two cents. The set up hear is clear, a rising support line and a horizontal resistance line. An entry in the 4.70s would have been great as a move to the resistance line would have been good for approx 9%. But what I would be looking for, if I was in the stock already, would be for a break above that horizontal resistance line for a potential into the low 6.00s. At this point, I'll be holding for a retest of the rising support line or entering if the stock closes above that pink line. GLTA
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