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
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 :)