X has made a bottom as expected, one of the stocks which will benefit from the Obama aid campaign. As one of my favorites today Goldman gave it its blessing thats why 20 % upmove were todays order. The stock run into the daşly Boll upside band but has potential to 42/45 easily near term but actually even 75/80 as a 38% retracement are in reach once the aid programs get rolling around the world in Q1.
Towards end of the week the C wave of the current ABC upside correction should come to and end and a severe dowside move will come for the general market. That weakness should be used to accumulate X stocks
Monday, December 8, 2008
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- getagrip
- I am a professional independent trader
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