KMC : Big barrier from 0.56 to 0.58

Much like SIRI, it could offer a short term trade if volume picks up a bit and a market maker is at the help, intent ramping KMC.

The stock has strong price resistance at 0.56 to 0.58, but a test of the upper range here is certainly possible. A punt from 0.52 or so might tempt some, but if there are no signs of a sudden increase in volume it will be best left alone for now in our view.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: