Tuesday, April 12, 2016

Spackman - Turning Bearish Setup


Studying the chart for Spackman, it seemed as though the sellers were piling up and buyers were shying away. The breakout last Monday created a false impression that one thought it would sustain but in fact it was fizzled out yesterday with equal amount of sellers. If any more sellers would to emerge, I expect the stock to hit the 0.123-0.126 price range. Be alert.

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Ronald K - Market Psychologist - A Stock Market Opportunist