Originally Posted by OldFart
nice channel Simon...vol is kinda scary though...of course I'm no expert
You're right, the volume on this one is low. That's why I'm playing it more as a lotto trade than a normal quick flip/ trade. The play here is a breakout setup, not a channel trade.http://stockcharts.com/h-sc/ui?s=CHA...d=p40874833177
Look at the weekly chart and you can see that the price has been holding above the 50 week MA now for months, with the MA angling up. I'm looking for a break of the 52 week high, which is right around .09. Like you said volume is minimal but my plan was to buy on some support here and wait it out, and ideally when you see the stock start to breakout it's going to become much more liquid (more volume).