As discussed here on the blog on Dec 15, I've entered EK for a trade to the upside. Today the stock is up 4.5% so far and my second profit targets have just been reached. I will hold on to a fraction of my position for potential further gains but will tighten my stop. Should it reach $6 I will be entirely out of the trade and watch from the sidelines for a while. This stock has acted absolutely beautifully the past couple of weeks – textbook technical analysis 101, which is more and more difficult to come by.
