Black friday wont last forever. This company is getting really hurt by political issues in Brazil. But the price atm is ridiculous. Buy and have patience, at least 1 year investment.
Resistance at 2.76 zone. Old resistance but new support? . Low Volume until now, but apparently increasing. Definition zone. Stan Weisntein invest point. Long in CIG. will see. It's my opinion. I'm inside this train, it's only a matter of patience. Electricity is FUTURE.
"The stock market is a device for transferring money from the impatient to the patient." --...
CIG has been very cyclical lately, and has been reliably bouncing off of this trend line and bouncing dramatically. I think there is a high likelihood that it will continue this trend and pattern. That means that I should have a fantastic entry point soon.
Weekly chart. Again, critical zone this week. Reaching this trend line. Strong support in my opinion on the 3 price zone. Will see soon. It could taste the 2,75 zone.
CIG seems breaking out a cup and handle formation, also broken out long term resistance. Moneyflow is strong, and also has support form the moving averages. We think it has good upside potential & it can go all the way to $3.67 or higher.
It was send through our intraday alert.
* Trade Criteria *
Date first found- February 15, 2017
Pattern/Why-
Entry...
CIG seems dropping hardly and i'm looking for a potential breakout on the neckline of this double top. I'm expecting one more wave up to the upper channel to complete the uptrend.
Chart Details: CIG has been moving nicely for the past few weeks. With MACD starting to level out, our opportunity to buy in might be arriving. With the Oscillators moving into normal ranges we may see another upward push by CIG. Keep an eye on this one!
*Disclaimer* Present buy may not be a bad Risk/Reward. It has been showing a solid upward trend; however, Key...
