SMKY looks good on a pullback to 2 cents area I h
Post# of 474
Posted On: 08/27/2012 10:19:25 PM
SMKY looks good on a pullback to 2 cents area
I hope you've locked in a little something at least on this play. The volume just spiked recently so that's where the bottom buyers usually pass the baton.
It looks like it put in a low in May, retested, and is just putting in a range right now. If it can break out look for a move to 10 cents which is the 200 DMA. I'd be interested in this play if I can see a bullish cross of the 20 over the 50 and then catch this on a slam down to 2 cents.
Buy the lows on the shakeout, then sell the rips!
[IMG]http://i.imgur.com/WMqNZ.png[/IMG]
(0)
(0)Scroll down for more posts ▼