GREY:CLLZF - Post by User
Comment by
EmoOnon May 01, 2010 5:33pm
747 Views
Post# 17052688
RE: RE: RE: RE: not sure why CLL is down?
RE: RE: RE: RE: not sure why CLL is down?
You guys are idiots! The stock recently made a 52 week high! We are not DOWN, we are consolidating!
Recent resistance was at $1.64! I watched it chew through that wall! Since then it has come down to test $1.65 then bounced! What was resistance now becomes support!
If you look at a year long chart there was a perfect double top in the $1.60's! $1.64 is support! $1.64 is your boogie! If we stay above $1.64 we are going higher. If we go below $1.64 then we'll probably see a correction. Set your stops!
Since breaking above $1.64 the technicals have now finally caught up. The bollinger bands are very tight (ie. Volatility Squeeze), the 20 dma has finally caught up, the 50 dma is moving higher, oil is moving to $100!!!
WE ARE NOT DOWN! Also if you look at Fridays price action! The bears tried pushing us down to $1.70 on no volume! Once the volume picked up the bulls came in and brought us back up to end the day flat! Very bullish price action!