AKR : Missed it, but there should be another opportunity
April 9, 2011 Leave a comment
We missed AKR, but the pattern is common and there will be plenty more ramps like this over the coming few weeks. The stock has already hit key resistance at 1.03-1.05, and hopefully will need a short time to consolidate, and give others the chance for a worthwhile punt.
First support is seen at 0.94-0.96 with a stronger base at 0.91 or so. If it comes off a tad, consider buying in, with 1.10-1.12 then 1.20-1.22 swing trade targets for this stock.
We woud like to enter nearer 0.90, but at the 0.94-0.96 range we’ll have a look .
Alternatively, on a big volume push above 104, a shot term trade to 1.10-1.12 can be considered.