Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: Blasher who wrote (56840)	1/27/2014 7:09:43 PM
From: Lazarus	Read Replies (2) of 218650

Dont hate me for this but I just did a couple of charts on CKEC and while it may bounce here I see resistance and -- Its downside targets for where I would buy are much lower. First here is the 200 day chart. Note the upper white line. That line is resistance. Now look where the lower white line is at.... then onto the next chart: This is the 2 year chart and I pulled the fib retrace lines off. Note how the longer trend line intersects the fib entrancement line at 38.2 at around $20.00 [see the white box] Also note that the aftermarket bid is at $19.79. That is where a buyer is willing to step in AH.... substantially lower than many other stocks. Dont want to rain on your parade ... just showing you how I see it.

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