GREY:CLLZF - Post by User
Post by
Goldfingerron Nov 06, 2007 10:49pm
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Post# 13764803
A little CLL TA for ya'll
A little CLL TA for ya'llThe stock has formed a bull flag with narrowing bollinger bands indicating a upward price move is coming. This pattern also forms the right shoulder of an inverted head and shoulders pattern. Should the stock price get through resistance at $4.30 they a move to $5 plus change should follow.
Short term candle stick pattern is a bullish morning star.
Fundamentally they are pioneering new oil extraction technology in a time of dwindling oil reserves and escalating prices.
Also they are trading in the price range where they had the most volume this year, so tax loss selling shouldn't be a problem.