KSH had a nice gap up today just two days after we blogged about it. It gaped above the 20 days moving average and also our horizontal resistance line of 0.93. A nice upside then followed which hit our first target of 0.955 and closed above it.
We will put a trailing stop now at 0.93 so the worse case scenario is losing 0.05 cents. But of course we will be watching the market during the day to see if we need to take profit along the way. Remember flexibility is important too.
Our next target would be 0.975 then 0.995-1 as this might be a psychological level and there would be some resistance here.
We’ll be conducting a simple workshop next Wednesday, where we’ll be sharing our simple techniques on how we spot such stocks. Also how we can use CFDs to swing trade such stocks to maximize our returns. Simply click here to register now.