MattPeacock23

$SOS - looking good

NYSE:SOS   SOS Limited
SOS has fallen since the beginning of the year (March/April) with a lot of small caps. I like the risk/reward here since. $2.4 should be a resistance level that could then act as support leading into the rise to $3.1+. Stops can be between $2.00-2.10 depending on risk tolerance. Be careful with small caps from now until the end of the month. Last year there was a washout with a lot right before the meteoric rise. This is a company I cannot buy for clients but I will be playing it myself through the next few months if it continues to show strength. Less risky approach would be to watch is close over $2.4 before buying (giving confirmation of uptrend since Monday 10/18 she rose nicely but then pulled back.