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Charts and Metastock: |
O.
On Friday we've touched the line and volume has increased, so I believe now is the right time for ECST to have a rebound (the rise in volume shows that at this price, buyers are starting to find ECST interesting). But that will be just a technical rebound based primarily on short covering, with some bottom fishing on the mix.
So here's my trading plan:
1) Buy ECST at today's open, 6.66% of the 3 Stocks on Fire Portfolio.
2) Sell 10% higher if I have that chance.
(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. 3 Stocks on Fire is a Community of stock traders and investors. Our 2944 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register and receive our free newsletter)
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