CNC Price prediction. I bought near the lows today, but wanted to buy more at an even lower target I had in place. Time will tell if I get the chance. I think this time we bust through 220. Although I am a little torn on the timing this time around, it is starting to display turnaround signs before the next move up. On one hand I wanted to see a tad more downside (which is still not out of the question) but the reversal today could indicate we're getting ready for the next move up. Nonetheless, I'm going to use today's low as my number. We may just be "close enough". But I would really like to see follow through tomorrow.
Since the middle of November, every time this kisses oversold, it gets snapped up. That in itself tells me we have a trend change among many other signs we've discussed already. Using today's low, I'm getting a measured move up around 250 ish. I think we're going to overshoot. I think we see somewhere around 265-270. Above that we have major, major resistance, especially at 3. I expect a retracement from there. Will reassess at that point. GLTA