This stock was found via investigative journalism based on the marketing from one of Marin Katusa's hype marketing e-mails. He divulged enough information for me to save $500 and find this stock on my own. I don't own it, but am interested in a decent speculative risk vs. reward play. This is that play and I am eyeing a small $500 investment for my long-term retirement (boom or bust baby!!!), but am looking for an entry.
We can see that we are in a overall downward channel since hitting highs in 2011. However, if you look back to 2010, before hitting highs, this level was a key point of support before launching back up. However, we have seen lower highs, and lower lows, so there is the chance that instead of bouncing off the 1.85-2.05 support level, it runs right through and could hit as low as $1. However, if support holds, there is no reason this stock cannot revisit the highs of 2011 when commodity prices start running.
Remember, this is a very long term chart (weekly). The support level from 1.85-2.05 - MUST HOLD.
We can see that we are in a overall downward channel since hitting highs in 2011. However, if you look back to 2010, before hitting highs, this level was a key point of support before launching back up. However, we have seen lower highs, and lower lows, so there is the chance that instead of bouncing off the 1.85-2.05 support level, it runs right through and could hit as low as $1. However, if support holds, there is no reason this stock cannot revisit the highs of 2011 when commodity prices start running.
Remember, this is a very long term chart (weekly). The support level from 1.85-2.05 - MUST HOLD.