Great looking base-healthy MACD and volume on the breakout.
The pattern implied target is over $2.00 so a pullback may offer a great opportunity to add to or establish a new position in SBCF
Tuesday, January 18, 2011
SBCF Follow up
Here's a C&D trade from Thursday of last week (1/13/2011). SBCF broke out at $1.58 and is now up 16.5%
Huge daily 3C accumulation.
the 5 min 3C chart is showing signs of profit taking.
Given the size of the base and accumulation, I believe there's more upside here after a pullback to the area in the red square.
The pattern implied target is over $2.00 so a pullback may offer a great opportunity to add to or establish a new position in SBCF
The pattern implied target is over $2.00 so a pullback may offer a great opportunity to add to or establish a new position in SBCF
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