Ape

ROX: Interesting Spec Play

AMEX:ROX   CASTLE BRANDS INC CASTLE BRANDS INC
201 1 0
Rox             is a small time liquor company who has experienced an incredible bull run over the last two years. While small company spec plays can be financially rewarding these also carry the highest degree of risk. I will point out that this company was trading at $10 years ago and sailed all the way down into penny land so be wary of that. Now onto the chart From what I see here, if Rox             were to gain momentum again, my high end target would be set to $2.50. However, in order to reach that target it will have to 3 areas of key resistance which I have identified at 1.55, 1.70, and 2. Also, I have identified 3 key areas of support at 1.25, 1.15, and 1.00. Closing above/below these key areas would be the first indications of a breakdown/breakout.
Nice analysis. Thanks!
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