DON'T BE LATE. Follow the technicals not the so-called fundamantel experts. Price target $344
1st target, bottom of up channel.ft that does'nt hold look for price target to.382 FIB level
sorry i made a mistake on the last chart when drawing the gap.... statistically, most gaps get filled. Right now, CMG has only partially filled the gap. At the moment, we have some overhead resistance from the 200 EMA. Also the stochastics and RSI are looking a little bearish, but they can get imbedded at overbought levels for some time, which occurs in an...
statistically, most gaps get filled. Right now, CMG has only partially filled the gap. At the moment, we have some overhead resistance from the 200 EMA. Also the stochastics and RSI are looking a little bearish, but they can get imbedded at overbought levels for some time, which occurs in an extended run up. So........ is CMG going up, down, or nowhere?...
CMG received it's first kick in the pants for a long time recently when earnings failed to meet expectations.High-flying aggressively bought parabolic stocks are always a hair away from a quick "correction", and this is just a recent example as a reminder. Fundamentally the earnings report was still strong in our opinion, though it is difficult to believe that...
Along with your favorite indicators and time frames ,I suggest that you always check the WEEKLY & MONTHLY support,resistance,and trend lines.GANN FANS and FIBONACCI retracement are also useful.More often than not prices will hit those levels.Make sure you know your candle stick patterns as well.In this chart of CMG you can see that we have a hammer reversal...
shorting or put buying opportunity in CMG ,read notes on chart
I believe this is just a rally back into resistance here on May 22, 2012 at 404.48 +11.15 or 2.83%. I will wait until tomorrow to short and I will look for a 410-415 IDEAL ENTRY LEVEL and will look for a 384-380 target. My stop will be 425-430. Just giving a heads up early. Cheers.
CMG has broken below a key level of technical support at 421 where it had spend more than two weeks building a base. The support level broke on heavy volume and this selling zone has been retested on a light volume advance and is close to failing as of this analysis (failure is defined if CMG breaks under a previous day's low). You can see how low CMG would have...