Wednesday, March 9, 2016

HK

3/18/16 Sold for 21% profit
This was starting to waffle a bit more than I liked. I may get back in if there is a good setup.



3/17/16 On Target
HK Closed up .06 cents at 1.16

3/15/16 On Target
HK closed at 1.05 today. No Change, just going sideways. Expecting something to break one way or the other.

3/14/16 On Target
HK closed at 1.12 today. It is still flirting with a long term trend line on one side and the 8 day on the other side. No Change, just going sideways.

3/11/16 On Target
HK made a slow steady climb to 1.19 today. It is flirting with a long term trend line on one side and the 8 day on the other side. My gut says we will start moving up for a new longer term up trend.

3/10/16 On Target
Nothing has changed here. It did bounce off the 8 day today so id expect it to start going back up if it is going to play ball. Tomorrow could be make or break.

3/9/16 On Target
Still holding - Nothing has changed here. 1.64 is major resistance and we are still way above the 8 day. 1.00 looks like it is holding as a solid resistance. Below that would scare me out short term.

3/8/16On Target
Still holding - Nothing has changed here. 1.64 is major resistance and might be a good place to sell but may hold for a swing trade.

3/7/16 On Target
Still holding - All oil stocks took a hit today so im not too worried about my position here. Nothing has changed for me. 1.64 is major resistance and might be a good place to sell but may hold for a swing trade.

3/6/16 On Target
I started with HK with a $1.00 entry and I plan to hold it for a while unless it crumbles. There are dozens of stocks in this sector that are perking up and would be good candidates for a swing trade in my opinion.
[Got as high as 1.50 so getting out and buying a dip would have been a good choice but I am looking at this as a swing play] 

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