Energy & Environmental Services Inc. (EESE)

[BooDog]

imo we need to consider the volume. Protecting capital is always top priority. I'm not one to say when to buy/sell. The chart shows a quick double top trying to break resistance but with such low volume. There was some pretty good momentum going on today and then poof, they took it right back down. Trying to hide something? IMO with the way many stocks are trading it seems best to take at least some of the original money down off the table and put it back in the doghouse for the next dip. I try to stick to the technicals and imo the reset today puts this in a better place by taking the edge off some of the overbought indicators. Support .045 but I like the support better at .038. Low volume stocks offer much less reliability on support resistance levels so we'll just have to wait and see. as for resistance? Look at the chart for the 1st week of September, see how it gapped down? .06 is the resistance but you'll need to watch the level II's close and see the spread and have a plan. This is all my own opinion. DO YOUR DD