iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

CAGC Near Buy Point

 

cagc-april6

One of my picks for this year is near a buy point.  [[CAGC]] has found what it looks to be a temporary support.  I say temporary because it lacks volume between 22-24. 

CAGC is a Chinese fertilizer company that was just introduced to the market back in October.  I have buy-limit set <24.  This is a pure momentum play so I’m hoping for breakout on volume soon.  If not, it could serve up to be a good day-trade on the short side.

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