Detected 12-Apr (detailed commentary and full scan results available in the signature below). Not activated as at time of review of 12-Apr.
ASX:CMM represents a potential bullish opportunity should momentum continue and newer highs be made past the current position.
Entry conditions:
(i) breach of the upper confines of the Darvas box formation - i.e.: above...
Text me if you have any questions/comments for me.
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CMM
- Previous analysis was done on 2 Nov (red arrow) – suggested plotting entry at 2.65 levels if believe the stock can create new all-time highs
- Since then, the stock created a new all-time high and looks to be retracing back to the short-term support
- If have taken the entry suggestion, you should be...
Text me if you have any questions/comments for me.
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CMM
- First time doing a written analysis on CMM
- Stock has a history of volatile uptrends
- The price volatility may not suit some investors/traders
- Stock recently rebounded off the short-term support
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe that...
Capricorn Metals had a new BoD replace the old one, who had resisted a takeover attempt. The price is breaking out form an inverted head and shoulder formation with a long bullish candle. A close above the .075 level has bullish potential. The RSI is now in the positive zone. This is not investment advice nor a recommendation to buy/sell. Please DYOR.
