Panjang
US Silica Holdings SLCA setting up for a rally
Possible range breakout after a prolonged sideways correction that has brought in new shareholders and allowed old shareholders to take profits. It appears the stock is now ready for a new leg to the upside.
Look for this recent burst out to continue as volume lifted as the price made a move to get this stock out of the range.
We will likely see a strong reaction again from higher levels near 26-28 as that saw heavy selling by aggressive traders. Look for higher-lows to occur despite the strong price reaction and then look for higher-highs subsequently.
Risk: 10%
Upside: 15%-25%
Probability 40%
Tim West 11:34AM EST Friday, July 19, 2013
Look for this recent burst out to continue as volume lifted as the price made a move to get this stock out of the range.
We will likely see a strong reaction again from higher levels near 26-28 as that saw heavy selling by aggressive traders. Look for higher-lows to occur despite the strong price reaction and then look for higher-highs subsequently.
Risk: 10%
Upside: 15%-25%
Probability 40%
Tim West 11:34AM EST Friday, July 19, 2013
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.