OTCPK:CABN - Post by User
Post by
pro_traderon Oct 23, 2008 10:30pm
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Post# 15544936
Holding Trendline
Holding TrendlineDespite the rather substantial price decline today, the sell-off was done on contracting volume suggesting that the selling has most likely exhausted itself. So long as we continue to hold the current trendline (essentially where we are now), this stock is in a strong uptrend aand should be held or accumulated.. The MACD and stochastics are both in uptrendsand we have not violated the 50 day moving average since we broke through it several days ago.