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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by challenger426on Feb 29, 2012 2:15pm
351 Views
Post# 19606098

Interesting Chart

Interesting Chart
Looking at the 1 or 2 year chart, you should see that the downward pattern has been broken, the 50 DMA has flatlined and is beginning to curve upward and is approaching a "Golden Cross" situation by possibly going above the 200 DMA which would usually cause a pop in the share price, the Stochastics and RSI look great, the new 2 parallel lines in an upward direction show the bottom trading line is around $1.60 and the top around $3 so this could really move, and finally the MACD is reversing and could give a buy signal very soon.  Yes I could be wrong (not very often) but that is why I will set a price I am willing to sell if it goes lower.  If I buy CMK between $1.60 - $1.70, I'll jump out at around $1.50 which is below support levels.  If it goes up, $2 might be strong resistance.  Never marry a stock.
 
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