GREY:SMDWF - Post by User
Post by
Chrisgblron Sep 03, 2015 8:27pm
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Post# 24077410
Day, Swing traders, long, this is a BUY!
Day, Swing traders, long, this is a BUY!Seriously,
We could see it coming all week and I love it! I said I expected the price to go somewhere from 12 to 16 cents easily when it breaks 9 cents. We will see tomorrow how strong the buying pressure is. Worst case scenario, we will establish a new support at 9-10 cents and there's already a very strong one at 8-8.5 cents.
Without news soon though, that will go back down quick to the 8-8.5 cents. If there is a news but it is not that impactful, this may go back down at this level as well. I do think though that anyone should be buying at 10 cents & under, no matter what is your time horizon on that play. Personally, I like swing trading on that kind of stock with very high risk but incredible rewards as well. I just think that right now, the strongest resistance has been broken and we will get to 12 cents very very fast.