Stockhouse.com: Taking it to the street
reply post threaded view
CMM Analysis by da Duci
 
Rather dan da stumble bum Rock analysis.................

'ere's sumting from da expert!!

Tanks Ducimus...............

=====================================

The following is an analysis of CMM.V (Century Mining Corp.) provided in response to a request by Hrock

You will be able to follow this stockalong for the coming year by pointing your browser to this my public Stockcharts directory.



The question that Hrock has is: Is the stock about to enter Stage II?.

In fact, looking at this 3-year chart, we see that the stock already is in Stage II, which it entered on a  breakout movement in late January - early February 2009

 


Now the question is: So what?

Well, the reversal that occured this past Friday so happened to have confirmed the lower uptrend line of this Stage II Channel.  By extension, the upper channel can then be drawn by extending a parrallel line upward to where the peaks are.

Now that the Stage II channel is drawn, one can ride this Stage II until the stocks trades out of it, or one can trade the upper and lower trend lines.

 

Good luck!

 

reply post threaded view
AddThis Feed Button add to favorites
 
 
 
 
Today's Feature  
 
Max Resource Corp
...