Wednesday, April 24, 2013

***** Stock to Act On: Skyone. Short term Uptrend in placed. Share Price 0.400. (Slow and Steady wins the race)

Since breaking the 0.38 resistance last month, Skyone has continued its gentle uptrend slowly to test the 0.400 level. Hovering above the 20 DAY MA (Green line) each day and supported above it. Recent high in Feb 2013 was 0.47 so it is possible to head back up to test that level over time. Not really for contra play, might have to pick up and hold and await slow uptick and take profit in about a month or 2. Volume remains strong (TOP 20 normally) possibly due to accumulation on strength.
Stop loss 0.38 nevetheless.

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