Posted On: 03/16/2014 6:22:09 PM
Post# of 2561
CBMX Daily Chart ~ Five Consecutive Days Attempting to Break Over Resistance
Link back to Feb 9 when the stock was in the 2.70s. I chose to add another 2,000 shares this week from 2.91 to 3.03 with the thoughts of the stock breaking and closing over the horizontal resistance line in place since January. When that occurs, my target remains near 4.00, which is where the stock was trading last August. I'll be watching the technicals along the way for any pops outside the upper bollie at which time I'll probably sell. The FullSto has been holding its 50 line over the last week while the MACDs are all positive and lots of room to move. GLTA
Link back to Feb 9 when the stock was in the 2.70s. I chose to add another 2,000 shares this week from 2.91 to 3.03 with the thoughts of the stock breaking and closing over the horizontal resistance line in place since January. When that occurs, my target remains near 4.00, which is where the stock was trading last August. I'll be watching the technicals along the way for any pops outside the upper bollie at which time I'll probably sell. The FullSto has been holding its 50 line over the last week while the MACDs are all positive and lots of room to move. GLTA
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