Centamin. Break out of significant level to new highs on increasing volume.
Looking for price to retest area of significant level or area of bull-flag then wait for reversal signal to continue bull trend
Looking ay a buy on CEY from 164.
We've seen an outside day on Friday which engulfed the previous 5 days of trading, price was oversold on the RSI and Stoch. Fundamentally the company is performing well, my only concern would be the massive sale of shares (40 mil) from a chief officer within the company. Technically it hits all my points so I will be looking to ...
CEY Plc: Orderly pullback after impulsive UP wave which has rejected significant price level on very high (stopping) volume.
Looking at minor swings for a change in trend direction / momentum for potential buy set-up
!st target previous swing high at approx 183. Technical stop below 130 level