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Ice Cold Traders
Posted On: 10/17/2012 10:20:03 AM
Post# of 474
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Posted By: coolnapz

$AKS at 5.60 watch for entry at 5.87 on the short side


This is a bearish retrace play, with $5.87 as the gap fill area. Just above it is a 61.8 retrace area which was also a prior pivot from August. Just above that area is 6 bucks. The stock will probably be very extended if it gets into that cluster of resistance so it should make for good reversal entry.


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