GREY:CLLZF - Post by User
Post by
bnwon Aug 14, 2013 10:06pm
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Post# 21671531
Further observations
Further observationsOn a technical note, CLL was hitting resistance on the 16 day moving average from January 2012 up until July of this year. Since, on solid volumes it has broken through that average and has now found support on it. This suggests to me that the upward trend has much momentum. Watch for the volumes to remain high, ideally over 2 million on up days and for the price to remain above 25 cents or whatever the 16 day moving average will be. Any drop below that average, unless on low volumes, would likely break the trend. Tomorrow is key. GLTA