Friday, June 14, 2013

******* Stock to Watch: Skyone. Share price 0.425. (Inching its way up GRADUALLY - Not for Contra)

Follow up on Buy call made on 24th April. Skyone was then 0.400 and has since moved up a little bit more. Skyone has been inching up slowly with buyers accumulating on any dips. From the price movement, you can see an almost upward sloping line leading the uptick. Possible to accumulate and hold and ride the uptrend. Immediate support would remain at 0.400 for now. High in Feb was 0.47, looks see to test this level again. A break above 0.47 can see it go to 0.500 quickly. Will consider averaging up on the breakout of 0.500.
Stop loss 0.39. 

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