OTCPK:CRZNF - Post by User
Post by
oldmanmikeon Mar 26, 2016 4:42am
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Post# 24701654
Technical Trading Issues (Facts and Speculation)
Technical Trading Issues (Facts and Speculation)Facts - March 3 Sales MOU statement and price crossing 50 day ma results in 3M shares traded and price increase 40%.($0.11 to $0.15)
Current Price is about to cross the 100 week ma and the 50 day ma is about to cross the 50 week ma at $0.195. Mine economic statement is due next week, I'm thinking Tuesday. The 200 week ma price sits at about $0.32.
Speculation - Monday price moves over $0.195. Tuesday, technical buying (institutional buyers, mutual funds etc.) begins with the mine statement being issued. Price movement potential of 75% to 100% ($0.20 to $0.35 - $0.40). Price crosses 200 week moving average and reinforces momentum with additional technical buying. Dare I say $0.75 - $1.00 by the end of next week.
After that maybe the buy-out bid by Mid April. We just might see that buy-out at $2 to $3.
Just an old man's thoughts!