Here I have resolved a possible 'ultimate decision' for CTM based on a confluence of the point at which:
1. MACD finally pushes completely through the zero line.
2. The RSI base builds to 40ish
3. The 50-day (orange) and 200 day (purple) converge for the golden cross.
4. The revised lower channel (yellow dashed) coincides with the MA's.
My target for the decision...
Using Blue vertical bars from the time where MACD breaks up past 0,00 and dotted blue lines where the SP peaks. Seems to be a pattern 410 days between solid blue with peaks at 300 days and a drop over 110 days.
Text me if you have any questions/comments for me.
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CTM
- Previous analysis was done on 9 Sep - Suggested waiting for successful rebound before plotting entry
- Since then, the stock has gapped up to test a resistance at $1.10 levels, retraced back to the mid-term support and re-tested the overhead resistance
- In 2 subsequent FB livestreams, I have...
theyve got Nickel. see if they have buyers to push it through 61.5 and test old highs this week.
Nice open on the spruik news. Like an afternoon run vs a morning glory pop. Old cliche that Pros close, hopefully to the upside!
I think I have identified a rising wedge here. This is usually a bearish signal after an uptrend. Looking to see if it breaks down through the wedge.
The MACD is still below zero and so it is possible it might hit that and drop from there. I'll be looking to see if the RSI signals over-bought on the next high-high close.
This chart uses trend lines from July 2020 after the jump occured. I am also integrating trend-based fib progression to determine where those trends intersect on the timeline.
I would like to think that scenario 1 will be the play as CTM is very bullish over long time frames.
was looking for a break of 59 on Friday and got this on nice volume. Interesting week ahead. More good drill news wouldn't go astray, but they seem to trickle that out unfortunately.
Descending triangle pattern looks like being established, although I'd like to see three verifications of the pattern rather than the two we have here.
I am considering the following three possibilities going forward...
Option 1: Breakdown within triangle to 0.465 before resuming upward trend.
Option 2: Breakdown out of triangle to 0.395 (top of 'GAP' and 200...
Using two historical trendlines (in yellow) and recent descending triangle pattern (in white) I am projecting a 0.795 target in early MArch 2021.
Although I think the yellow trendlines are a good indicator of general movement, I am not too sure about the triangle pattern. In my other published idea, I wonder whether the breakdown out of the triangle will occur....
Kind of stock that youd be forgiven for drawing a BGA on. Recent raise and big houses buying today. Primed. Nickel futures suggest theres more in this.
sensational looking chart. short base here after the 42c cash raise (always makes me nervous) but in a weak tape today, they came for it. Lets see if they test the recent high of 54 and then what?
Drilling program about to commence so all the normal caveats.
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