Monday, September 9, 2013

******* Trading Buy on Breakout: Tritech. Share price 0.695 . ( Immediate resistance at 0.71, after that, free to go)

Short term trading buy if the 0.71 and 0.715 resistance clears out, target to 0.74 to 0.76 first. Top 20 Volume seen currently and it has tested the Psychological 0.700 resistance last Friday but failed to break above. Today we have seen buyers coming back again attempting a more convincing breakout, high seen at 0.71 again today. More potential short term upside if the 0.71 and 0.715 clears out completely. Mainly a short term momentum trading play for aggressive traders with strict stop loss.
Stop loss at 0.69 for breakout plays.
 

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