Peter Kotoff
All posts from Peter Kotoff
Peter Kotoff in Alpha Consulting,

$SAEX SAExploration Holdings - small cap with big potential

Let's take a look at $SAEX.

This oilfield services company has been beaten down very badly throught out the last 2 years,decreasing from $10/share to 0.24 cents/share.

It has found a strong support at 0.12 cents level and has already bounced off 100% within 2 days closing just above previous resistance of 0.23 cents.

With an ATR of 9 cents and a high relative volume which is 44 times the average volume of what the stock usually trades at we have got a window up to next resistance level of 0.36-0.4 where it meets its 50 day EMA.

This low floater has a potential for at least 50-100% run within 1-2 days if volume remains high.

Sector: Basic Materials
Industry: Oil & Gas Equipment & Services

Disclosure: I/we have no positions in any stocks mentioned.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.