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Ice Cold Traders
Posted On: 11/21/2012 10:06:46 AM
Post# of 474
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Posted By: coolnapz

$AKS building bullish consolidation off of low


This is a light volume holiday shortened week so I doubt much will change on this daily chart. However, the chart is showing early signs of bullish consolidation right at about my point of entry.


This stock has been hammered and it is oversold and should retrace back to the MA's shortly. This is a bit of a longer term play, but that doesn't mean I don't want to see a pop. We won't have a mature pattern until at least the middle of the next week.




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