AMEX:CEI   Camber Energy, Inc
You know, sometimes hitting a winner in the market can be so effortless, and when it happens, you gotta celebrate a little bit. Once again Camber Energy Inc (NYSEAMERICAN:CEI) amazed and wowed the market with another Monster rally on strong volume expansion. A little over a month ago the stock was dead to the world and I wrote on Aug 5th about the similarities that were appearing on the bottom pattern of the chart, that reminded me of past mega bounces, and Voilà, I nailed it. A few days later the stock did exactly the same explosive move and is now trading around $1.50. Congratulations to all that played and pocketed some massive gains. In the very short-term, the stock is back to extreme overbought levels following the gains last week, so a pullback could be in order before the uptrend resumes. However, if stock spends a prolonged period in the extreme overbought levels, it shows the trend is upward and in this case a move to next pivot level of $2.26 is realistic.