Zen Machine, do you look at charts? Look at SEK on the weekly view, with the volume on and then do some research on the harami candle pattern. Very long black followed by very very short black inside the body is a fairly strong bottoming pattern imo in this instance (particularly given the volume on the second week). As long as it closes each day above $4.90 its generating a buy signal. If it closes this week above $5 its generating a very strong buy signal.
Initial target $5.70. Better for more patient holders imo.
Here's my favourite candlestick explanation site:
http://www.candlesticker.com/
Don't sell too much on this first rally. Sell a bit, buy on pullback, and hold for the $6.80 area in a month or so.
SEK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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