Categorized | Stock Newsletters
KCMH Traders Book Profits and Poised to Make Another Run
Posted on 04 January 2010 by admin
KCMH made another strong move this morning, however, sellers came in and booked some profits.
With the nice run it made, those traders that had shares under 10 cents before last Wednesday could have been positioned to pull out in the event any retrace occurred...and that's a sensible profit taking target for many traders...and that's precisely what appeared to have happened.
One interesting point: the symbol printed as high as 17 cents this morning suggesting that once we move through some of these offers we could very well be back up to the mid to high teens...if not today then more likely Tuesday and Wednesday the latest...and then begin cruising higher!
Second interesting point: that being said, I don't expect to see prices at these levels beyond today!
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KCM Holdings Corp. (OTCPK: KCMH) appears like it's ready to make another move upwards
As I mentioned earlier, with the first trading day of the year upon us, "KCMH could start things off with an overall upward move this week and become a terrific trade idea."
The key words I'd like everyone to focus on at this moment is "this week." That's because I believe there is excellent upside potential ahead of us and this could even extend into next week.
Below is a third party analysis suggesting that KCMH is in the midst of a strong uptrend.
KCMH certainly has the potential to move upwards this week!
Keep a close eye on this fast moving symbol that I expect to be a profitable trade idea!
Good luck and happy trading...
Best Regards,
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