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mutantegg
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I have been trading the stock market since 1998 when I was in my university days. Back then, I had zero knowledge and was only learning about my local Singapore market. Since then, I've taken up lots of technical analysis courses and is also a candidate for the CFA level 1 course. Over the... More
My blog:
The Stock Trading Advisor
  • Quiksilver Inc : A Good Time to Sell 0 comments
    Dec 8, 2010 3:57 AM | about stocks: ZQK
     

    Quiksilver (ZQK 4.64 ↓-0.22%) Inc (NYSE : ZQK) had rallied quite a fair bit ever since releasing their estimated 4Q results. The stock has initially dropped from $4.60 to about $3.90 before recovering to the $4.60 level. Base on current price, it is trading near the resistance level of the downward trendline as shown in the chart. Although there is a potential of it reaching $4.80, the risk/reward doesn’t seem really justifiable. It would be better to take profit on this counter now.

    Original post from The Stock Trading Advisor.

    Stocks: ZQK
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