SALCON—I used to trade this counter last year and profit from it. It breaks out from its Descending line (also Double bottom formation and neckline at $0.685) today with increase volume and it needs to stay above $0.685 to confirm such breakout. Formed a big white candle that is bullish so it is most likely to test its next resistance at $0.715 and strong resistance at $0.745(previous high).Immediate support adjusts to $0.67/$0.655.Exit if $0.63 is violated.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
james88n
115 posts
Posted by james88n > 2014-02-19 16:07 | Report Abuse
touch on 0.685....soon 0.70