A trader friend of mine turned me on to STWS and I
Post# of 11
Posted On: 05/15/2015 5:28:30 PM
A trader friend of mine turned me on to STWS and I have been watching this week. Low float of 6 million shares got me more interested.
I trade, although I always check what business the company is in. IN this case, STWS is in a pretty hot sector--water remediation in drilling. At least there will be a lot of press on water shortages this year.
But the chart looks like relentless selling has driven this stock to a Double Bottom with a consolidating base. I would wait for a close above 0.65 (or above .60 if you are really aggressive).
But I will take a small position after the open on Monday just to force myself to keep a close eye on it.
I trade, although I always check what business the company is in. IN this case, STWS is in a pretty hot sector--water remediation in drilling. At least there will be a lot of press on water shortages this year.
But the chart looks like relentless selling has driven this stock to a Double Bottom with a consolidating base. I would wait for a close above 0.65 (or above .60 if you are really aggressive).
But I will take a small position after the open on Monday just to force myself to keep a close eye on it.
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