Bearish potential detected for CMMEntry conditions:
(i) lower share price for ASX:CMM along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $8.23 (open of 21st March).
CMM trade ideas
CMM @ 18 NOV 2021Text me if you have any questions/comments for me.
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CMM
- Previous analysis was done on 2 Nov (red arrow) – suggested plotting entry at 2.65 levels if believe the stock can create new all-time highs
- Since then, the stock created a new all-time high and looks to be retracing back to the short-term support
- If have taken the entry suggestion, you should be having roughly 7% gains within 2 weeks
- Today’s retracement looks to be providing another nice opportunity for entry
- A successful rebound would be when the stock recovers to around $3 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
CMM @ 2 NOV 2021Text me if you have any questions/comments for me.
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CMM
- First time doing a written analysis on CMM
- Stock has a history of volatile uptrends
- The price volatility may not suit some investors/traders
- Stock recently rebounded off the short-term support
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe that stock can create new all-time highs
Wait for a retest before committing Breaking out of the bull flag. Wait for a retest of the breakout before committing
A nice setup - wait & watch for a decisive breakA nice bull flag forming and patience is recommended
Will the inverted head & shoulders provide a bullish breakout ?Capricorn Metals had a new BoD replace the old one, who had resisted a takeover attempt. The price is breaking out form an inverted head and shoulder formation with a long bullish candle. A close above the .075 level has bullish potential. The RSI is now in the positive zone. This is not investment advice nor a recommendation to buy/sell. Please DYOR.
