CIG seems breaking out a cup and handle formation, also broken out long term resistance. Moneyflow is strong, and also has support form the moving averages. We think it has good upside potential & it can go all the way to $3.67 or higher. It was send through our intraday alert. * Trade Criteria * Date first found- February 15, 2017 Pattern/Why- Entry...
CIG seems dropping hardly and i'm looking for a potential breakout on the neckline of this double top. I'm expecting one more wave up to the upper channel to complete the uptrend.
Chart Details: CIG has been moving nicely for the past few weeks. With MACD starting to level out, our opportunity to buy in might be arriving. With the Oscillators moving into normal ranges we may see another upward push by CIG. Keep an eye on this one! *Disclaimer* Present buy may not be a bad Risk/Reward. It has been showing a solid upward trend; however, Key...
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.
$CIG has been running the past three days, will be watching this one to see how it reacts out of the gates tomorrow morning, usually reacts well to being over sold so i'll give it a little room to wiggle before the breakdown short entry with my stop being slightly above the $2 level
Has CIG put in a bottom after this ugly free fall? I'm thinking it's worth a shot.