Thursday, September 01, 2005

Watchlist; SNUS

SNUS showed some nice action yesterday; a great white marubuzo on heavy volume. It went straight to the top of the bullish price channel.
Today SNUS retraced due to some profit taking on lower volume. Will watch SNUS pull back to the beginning of the white marubuzo around 4,25. If it will retract to this level on declining volume, and manage to stay above 4,25 this is definately a strong buy.
So keep an eye on SNUS!

2 Comments:

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