Friday, June 7, 2013

*****Potential Breakout Opportunity: Wee Hur. Share price 0.43.

Wee hur has been consolidating from 0.40 to 0.45 from March till now. Currently still below the 0.45 critical resistance level. Slightly higher volume seen today as it tested a high of only 0.445 before dipping again. Those waiting for this impending breakout can consider locking in some positions between 0.40 to 0.45 level. As long as 0.400 holds as immediate support, it will still consolidate within the range. A breakout above 0.45 can see it go to 0.500 quickly, then 0.57 which was the high set in Feb 2013. Can consider averaging up at 0.46 level if whole stack of sellers get taken out at 0.455. Good LUCK !
Stop loss at 0.385 nevertheless. 

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