SEAFCO : Possible ramp from 4 or so to 4.24-4.28
March 3, 2011 Leave a comment
Another stock a local broker fancies for a punt today….talk about scraping the bottom of the barrel….hard to fin a more ugly look day chart to tempt the retailers for some fun.
SEAFCO has huge resistance from 4.24 to 430. Might get there, but to break out and hold above say 4.30, one of those rare big volume days is a must..
This is the kind of stock small time market makers can ramp easily. Just look at the volume on the chart below…. One day almost no trades…then out of the blue….a day with 15-20m shares going thru. For today, it will need a good 7m shares to hold near 4.3.