$AKS continues it's bounce on this light market tr
Post# of 474
$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.