PSMI bottom breakout watch

Discussion in 'Stocks' started by Stocks4life, Aug 6, 2013.

  1. watch for a bottom breakout above 11.52 (triple resistance) and second leg higher

    BREAKOUT WATCH for possible breakout above 11.52, no resistance in area just above.
    Type: True breakout from triple+ resistance.
    Target: 12.9, 14% Stop: 10.98, Loss: 3%, Profit/Loss ratio: 4.7 : 1 - Excellent

    CURRENT PRICE 11.32, at resistance, 11.22 ± 0.3, type triple+, strength 10
    RESISTANCE ABOVE +14.2% at 12.93 ± 0.35, type single, strength 2
    +32.4% at 14.99 ± 0.4, type single, strength 1

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=PSMI