Rohanalal
Long

CIG A New Momentum Company?

NYSE:CIG   COMPANHIA ENERGETICA DE MINAS
8 0 1
CIG has climbed above its 200 day MA which could possible indicate a trend change, For the last month CIG has been climbing and is up nearly $0.70 from $1.47. I expect the price to continue to increase for the next few days. If the price breaks resistance and maintains that level it would be a optimum buying point; however, if not that look for a dip buy.
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