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Ice Cold Traders
Posted On: 11/23/2012 10:17:34 AM
Post# of 474
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Posted By: coolnapz

$AKS continues it's bounce on this light market trading


I gave out my $AKS long entry on 11/15 with a price of 3.70 as per a weekly support level going back 10 years.


http://investorshangout.com/post/view?id=181812


It has continued to bounce and is trading at 3.90 so far this morning for a 5% gain. I still think it can go further with an initial target of 4 bucks to fill the gap on the daily chart. If you are in the play be sure at worst case to have a break even stop, or some kind of trailing stop so this does not turn into a losing trade.


The volume is very light in the overall markets and that favors the upside, but we could get volume next week and that could reverse things in a hearbeat.


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