I am watching EMHTF for a potential buy. It has broken important support at the $3 level and is in a freefall. There may be a tradable 'dead cat' bounce off of the $2 level. It is oversold, and the $2 level was resistance and support last November. It is also important psychologically. If it gets to $2 and starts to rally I would be a buyer. My stop out would be at $2 and my target would be $2.50.
Trade closed: target reached:
Sold at $2.45 Monday. I know I said my target was $2.50, but I always use a few cents discretion when my target is at a round level