SK's Heir To The Throne: $3,000 to $6,000 -- Currently $4,940 - Page 3
"It sounds very easy to say that all you have to do is to watch the tape, establish your resistance points and be ready to trade along the line of least resistance as soon as you have determined it. But in actual practice a man has to guard against many things, and most of all against himself – that is, against human nature"
I am currently watching all the stocks I've been talking about. HGT, SJT, UNG, WNI.
Loving the candle, volume, and price on HGT.. this short squeeze seems like its gonna implode. That $15.35 level is from the weekly, and another aspect I love about HGT is the weekly pinch climax. If this plays out how I predict I can see HGT seeing $18 again. To get to $18 it will have a demand test around $16.70-17.40 area.
EDIT: Also look at that volume the past 10 days MASSSSSSSSIVE
Edited by Stock King - 1/24/12 at 3:29am
Honolulu, Hawaii - January 24nd ... The weather, gray.. the rain, thick.. haha.. I wake up, depression all around me. Dark thoughts crowding my mind. Then I open the draws and I see two things. I see the warm top loafers, and I see the crisp cashmere socks and I know that today is gonna be a good day. Hundred dollars a sock, two ankles, you do the math. Pull them on, socks on first, followed by the loafers, then I knew from that day, that week, that month, that year, that decade, that millennium, that we would be rich forever.
Thanks man, but sadly I only got in SJT. For some reason I was hesitant to buy HGT, I always think twice of buying into a rally.. usually i'll back off and this time I did as well.
I have a couple stocks I'm adding to my list for this week. I'll post some analysis in a lil bit..
Jay-Z and Kanye's or mine?
I'm gonna keep an eye on HEK, like you said it might test Oct lows but it might not. $5.10 looks like a good price.
There is no indicator that I know of to see if a selling climax has ended. You just need to watch price and the candles to see if it has ended and is establishing a bottom but even then you need to be aware of more selling, this is when supply tests come in. Higher lows is key. I can def see this stock moving back to $5.44