Seacoast Banking Corporation (FL) (SBCF)

[SPM555]

This guy's playing hardball with the old fakeout breakout. Last week the price tested resistance, even temporarily blasted well past it, but has since come back down to test support. This would be the argument against being aggressive and playing a breakout without a confirming close above resistance. However, the next time you try it that way, that first confirming candle is going to finish strong and close way above resistance, so you can get screwed either way. If you played this thinking it was going to breakout and run right away, then I don't blame you if you got stopped out, but I'm keeping it on the watchlist for now. Ideally the 15 EMA holds up, and at least that last April low should hold, and then maybe it'll try for another breakout in a little while.

http://onlycharts.com/forum-3/flipping-penny-stocks/flipping-penny-stocks-weekend-watchlist-update-may-2-6/