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Saturday, June 11, 2011

A Stock Idea For Short Term

  • Delta Corp (94)
  • For short term the stock looking good
  • As you can see in the chart,the stock in bullish consolidation above weekly averages and even volumes are inching up.This shows buyers interest in stock.
  • Of course it's still in range,breakout above 100 mark opens a good upside
  • Above 100 mark resistances placed around 110 and 124 mark,sustainability above these levels will lead to break above previous high 142
  • One should consider 88 as closing stop loss.

Disclaimer : No positions in above stocks