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Support at 50DMA, which it hit today.

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boo boo Member Level  Monday, 12/27/10 10:40:16 AM
Re: Workingcapital post# 11
Post # of 62 
Support at 50DMA, which it hit today. At bottom of my accelerator bands. If today's candle holds, it will be a hammer, which is a reversal candle. A little pullback on the dailies, which is good. Strong support at 29, breakout at 34. Could consider a position here and a double down in the 29 area if it gets there. Purely technical. Guessing they're doing a lot of business in China. I'm not a fundamental trader, but steady revenue growth. Have read good things about the company!

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