iBankCoin
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Bust out or breakout?

I’ve been stalking, trading, positioning $SZYM with more headaches than any other stocks I’ve traded.  Now, I think I’m at a comfortable position with the size I want giving current price action.

Take a look at the daily $SZYM chart below.  Price took out the high of 04/11 and is about to take out the 89xma as well. 5ma crossed over 15ma and the two momentum indicators are pointing up.  On top of all the technical supports for a bullish bouncing stance, my gut/intuition tells me this one is about to take off.  (caveat: my gut/intuition does not possess the property of a divine crystal ball, so take it as a grain of salt please.)

SZYM_daily

Now, will I be proven wrong again?  From my track record with $SZYM, I’ve been proven wrong time and time again.  Like a roulette game, after so many red, black should turn up any time now, right?

My 2 cents.

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