Monday, August 15, 2011
KRMC - Big Bounce Under Way
'
After a fall from over $.11 to recent lows. KRMC has a 52 week high of over $.24 a share. Today the stock took the first step in what could be an impressive rally. I see resistance on the chart at $.001 and then $.0013 which is the 50 day moving average. The 200 day moving average rests at over $.05 a share.
Today the stock saw impressive buying and very little selling, indicative of a stock that wants to trade higher. We could be looking at day one of a big bounce higher with KRMC.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment