Post by
apapas1973 on Sep 29, 2023 6:36am
Most probable path for CNC.
As Caramba stated below, we're most likely going to get a run here. I'm curious today to see if we punch through 125. How convenient of them to stop it there. A move through there on volume would get us to 140 quickly as Ive stated before, but I think it'll overshoot to bigger resistance in the high 140's. That projected number used to stand in the low to mid 150's but the large moving average continues to fall. The 64,000 dollar question is what happens next.
We're about 2 weeks away from feasibility. That gives us plenty of time to move up to those numbers where I suspect it'll stop and take a breather just in time for the news release. I don't know yet if this will crater after the news release (because of something traders find disappointing) or finally bust out in recognition and start a new trend. Will reassess at that time. I think it'll be the latter with the risk of having egg on my face. If it does turn out to be the latter, it'll be the beginning of a major new trend and then we could really throw out some numbers. GLTA
Comment by
EndZonefor7 on Sep 29, 2023 7:48am
Yes apapas, calling the price breakouts has been a mugs game. You have to think with ramped up talks with 7 Korean corporations and who knows how many other EV battery makers in NA the odds are in our favor this time around.