i did up these charts and analysis over the weekend, but all the going out with friends made me forget about it. but last week was a hovering week after a bad week from the large dip in the us markets.
Stockpicks
Charts
Spackman prices have hit above the longer timeframe SMAs and there is a large healthy amount of accumulation volume, seems like a possible reversal play. if you do so, please tread lightly as with all reversal places.
SATS hit prices hit the dynamic support line, and bounding upwards abit, it is the start of more up trending! however note that the natural support for the counter is quite low at short term. so using the principle of "trading near market structures" might be a bit challenging, can consider using a trailing stop loss if needed.
enjoy the trading week
do share in the comments if you have a trading idea!
No comments:
Post a Comment