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Bullboard - Stock Discussion Forum Cielo Waste Solutions Corp. V.CMC.WT


Primary Symbol: V.CMC Alternate Symbol(s):  CWSFF

Cielo Waste Solutions Corp. is a Canada-based waste-to-fuel environmental technology company. The Company's business model is to source waste feedstock from industrial producers and other suppliers and convert the feedstock into valuable fuels. The Company's Thermal Catalytic Depolymerization (TCD) process converts waste feedstocks, including plastics, rubber, organic material, and wood... see more

TSXV:CMC - Post Discussion

Cielo Waste Solutions Corp. > Charts and volume tell the tale !
View:
Post by momentumstocks on Jan 17, 2022 4:54pm

Charts and volume tell the tale !

A break and hold of 50 cents tomorrow should mean a quick ascent to 74 cents. If we break through that resistance then the same scenario plays out again on the march to $1, then $1.22. If we break the ATH of $1.56 then all bets are off and we could see $5 on solid growth and ensuing contracts.
I have been part of two runs with CMC before and when it skyrockets, the share price goes up like a bat out of hell on very high volume, la today's run !!!
Comment by pierrelebel on Jan 17, 2022 5:40pm
Your analysis makes sense. On the other hand there is also the possibility of a retracement - typically 50% of the recent gain - bringing the share price back to the $0.33 area before resuming its assent towards the $0.60/$0.75 range. A retracement is not.a bad thing for long term investors.
Comment by momentumstocks on Jan 17, 2022 5:58pm
We could retrace a bit however I am basing my reasoning on the last two climbs upward. In early February 2021, it only took a month to skyrocket from 8 cents to an intraday high of $1.62 !!! That's a 20X in some 23 trading days. Then, in May 2021 it shot from 75 cents to $1.65 in a month and a half. My point is that these guys are closer to bigger news and the float is easily capable  of ...more  
Comment by tony08 on Jan 18, 2022 9:25am
You guys realise that all your analyse is base only on volume and technical data on a chart.... For now the market give you reason and those who bought at $0.20 few days ago can celebrate. As for me, i'm still waiting for a fact or a news that can justify all that.... P.S....I wont wish you guys good luck, you've got plenty already :)
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