OTCPK:CNZCF - Post by User
Post by
chartist848on Mar 08, 2017 10:34pm
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Post# 25955045
CNZ - Proceed with Caution
CNZ - Proceed with CautionTake an objective look at the chart. CNZ is retesting the $0.71 support level. On its previous leg down, it bounced off $0.71 reaching up to $0.87, but failed to hold its uptrend. Perhaps it holds and makes a double bottom, however, I suspect it breaches $0.70 and continues lower. This stock is performing poorly and the last two press releases haven't done anything to instill buying.
Ignore the pumpers talking about past 1000% gains. Make the right decision for you. You'll never get every trade right but be responsible and protect your capital.
Good luck