Tuesday, December 10, 2013

********* Potential upside on Breakout: Charisma Energy. Share price 0.064. (Range bound at the moment, lets see if the 0.066 can clear ?)

Charisma Energy has cleared the immediate resistance at 0.062 yesterday and stayed above today on top 5 volume. Current range would be from 0.062 to 0.066. Critical resistance can be seen at 0.066 which was the high set in Oct and also today’s high. A break above 0.066 can see it test 0.07 then 0.074 fast. Aggressive traders can consider entering on breakout for more short term momentum upside.
Stop loss at 0.059.
 

1 comment:

  1. Excellent advice! The high volume suggests a great interest in accumulating the stocks, and breakout would be highly probable.

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