******** Short Term Speculative BUY: Contel Corp. Share price 0.078.

Contel has been trading below the 0.076 immediate resistance for slightly more than a month, has seen quite a convincing breakout today on TOP VOLUME currently. We can see that at this level it has also broken above the Symmetrical Triangle formation which can signal a change in trend to upwards in the near term. Target to 0.09 first then 0.100. A short term speculative play with strict stop loss. A break above 0.08 can strengthen the BUY call if it manages to stay above for a few days.

Stop loss at 0.074

 

Short term Trading Buy: Contel Corp. Share price 0.094. (For a quick trade with a tight stop loss only)

Contel has been trading below this 0.092 level for about a month already. A convincing breakout is seen currently 0.094. Must stay above 0.092 for more upside to test psychological 0.100 resistance level. A break above 0.100 can see it go to between 0.11 and 0.12 level. Recent high in Feb was 0.119. Currently at TOP 3 volume on breakout which can signify more momentum and interest in the short term.

Stop loss at 0.089

 

Short Term trading Buy: Contel Corp. Share price 0.103

Contel has surged above the critical 0.100 resistance and psychological level which it has been consolidating below for about a week. Currently at 2^nd Top volume. Support remains at 0.100 now. High as at now is 0.109. As long as 0.100 hold as the new support, upside to between 0.11 and 0.14 seems possible, of course with consolidations in between. Look at the gap down it has formed in April last year from the 0.15 region. Possible to close this gap quickly on high volume. For short term trades, a break above 0.11 can see it push higher to find a new resistance.

Stop loss at 0.096 nevertheless.