GREY:SXRZF - Post by User
Comment by
wavepsycheon May 05, 2011 1:43am
398 Views
Post# 18532734
RE: Recovery?
RE: Recovery?CCO had a similar run-up for two days followed by sustained selling.
Merv Burak sees a descending flag pattern in the U space that is expected to break to the upside. I'm inclined to agree with him. However, recent price action feels like a pump 'n dump for the bug guys to re-accumulate at cheaper prices (i.e., buy weakness after reporting); if a swing play is planned by institutional players, the breakout may be very transient. JMHO.
glta