RE: RE: RE: RE: RE: Gains fizzling to nothingHey Bullknit1.
Admit I’m not a TA specialist, but some charts, especially charts like CLL’s of recent, are just pretty darn easy to read. But I do use a bunch of simple TA tools. Have included a couple basic plug and play ones below….for your reference and or future use.
I maintain several accts with different houses in order to access each houses different research tools…and a couple that have pretty good TA research sites are Scotia Itrade and TD. If you have access to either…you’ll note they are not half bad…and more times than not…usually hit or surpass their forecasted targets. In a nutshell….all the TA sites I’ve been looking at suggest this play has likely broken out and still has legs…with bullish forecasts ranging from $1.95 to about $2.22… last I checked.
However, note in several stocks I own the forecasted TA bullish targets were well surpassed when the play started to run…and as TA specialist will always caution…news…both positive and negative…will almost always trumps any TA. Which in this case …with increasing volumes we’re seeing…could be a leading indicator that something’s in the works at CLL. I’ve mentioned before increased volumes and SP trading pattern with my PDP just a month or two ago was similar to CLL of recent…so who knows…lots of consolidation happening in the oil patch…maybe news has leaked just as it did with PDP before GTE swooped in. Or…maybe mkt …which has basically had a wait and see attitude with CLL…is finally buying into CLL story…especially since she is one of the more highly leveraged plays to oil. Regardless…CLL seems to be on the mend and volumes and technicals certainly look very encouraging …so I’m gonna let this ride for a bit yet and see where it goes.
Here are a couple sites I mentioned.
https://www.stockta.com/cgi-bin/analysis.pl?symb=CLL.C&num1=2&cobrand=&mode=stock
https://canada.stoxline.com/q_ca.php?s=cll.to
Happy investing and GLT to you and all longs!