CKEI is not a confirmed play yet. As the bidders are stacked 12 deep at 2 cents, I believe this to be bottom. Going into day 7 of sell off, I see bounce potiential as it hits bottom. Volume confirmation of possible reverse and bounce for me will be at about 14 million, and I will be looking to hop in front of the line as to not miss the ride. Should see an easy retrace with volume over the next couple days to over 3 cent area, looking at at least a 50% gain off bottom. As CKEI continues to fall, with a lot of room to tops, I can see this as being the start of a beautiful new dance partner.
Forecast,
Monday morning continued sell off, sellers coming down to shaking out the week, stock bottoms by mid to late morning and volume moves in to buy up into a hammer. (provided nobody jumps in early) On the event that over eager players hop the line, we will see a dragon fly doji for the day and still confirmation of a Tuesday runner. Volume and continued sell off to confirm for greatest bounce potential. Entry level for me should look like 2 cents, and will be riding this back on up. Wednesday possible sell off and Friday repurchase as stock corrects and makes ready for a slow steady walk.
Its a penny love story, and if my crystal ball is correct, it does have a happy ending.
Live for Today - Learn for Tomorrow
