Tuesday, April 2, 2013

Short term Trading Buy: Contel Corp. Share price 0.094. (For a quick trade with a tight stop loss only)

Contel has been trading below this 0.092 level for about a month already. A convincing breakout is seen currently 0.094. Must stay above 0.092 for more upside to test psychological 0.100 resistance level. A break above 0.100 can see it go to between 0.11 and 0.12 level. Recent high in Feb was 0.119. Currently at TOP 3 volume on breakout which can signify more momentum and interest in the short term.
Stop loss at 0.089
 

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