What I find interesting with the movement of this stock to date is that whenever it seems to reach a resistance line (3cents and 3.5cents) there seems to be a lot of selling.
This looks like co-ordinated selling from a broker rather from individual mum and dads retail investors.
Stock seems good for a trade if you can mop them up at mid 2cents level.
If this can break 3cents level next stop is 3.5cents .. which I believe will be tested again.
Looks like the Europeans and the USA are going to try and stimulate and QE their way out ... which should only make things worse in the longer term but at least short term the market may not take a dump yet.
AKK Price at posting:
2.9¢ Sentiment: None Disclosure: Held
