In my opinion, better quality stocks around
However, stock is sitting on support
If you're insistent on taking a trade on the long side, you can get a bounce off of support
Trading at all time lows, does not bode well for any long position
Sell the rallies.
CEI along with other oil stocks were up in trading today. Looking at CEI levels here is where we stand for support and resistance based on its price history. The name of the game here is compliance. In order for CEI to be listed past august it needs to get its share price at $1 per share. In order to remain compliant they have sold off there debt and made there...
CEI Possible swing idea / momentum play
RSI divergence moving positive and is at 27.3
MACD is also moving closer to par level
Short Float at 9%
Oil Sector Industry
Swing Entry - Risk 2-5c depend on entry
Enter at .60-.65
Price Target are in Green (I am usually looking for 10%+ move)
Stop loss 3c below support (which is the colored in orange in my...