Canadian Imperial Venture V.CQV.H

CQV Settting up for a trade

[kingcarter]

Hi Everyone,
Looking at the weekly indicators, the macd is about to cross to positive territory, meaning there's been an acceleration in buying. The 50 DMA is on it's way up to meet the 200 DMA, that won't happen for a while (unless there's a big move). 
The daily daily MACD is very positive (not necessarily a good thing), so momentum is likely to swing back down at anytime. But the Williams %R has not hit OB for a 50 or 20 day lookback yet, so there may be a few days left of positive indicators.
However, this puts this play on my radar to watch for the next daily momentum switch to the positive (if weekly remains positive). 
Now is the time to start some quick DD, not yet time to buy, but if you watch for the momentum switches on this one and you only plan to trade it, CQV is setting up as a good momentum play for the short term (several days to a few weeks). 
GLTATL
King