CMXI Daily Chart ~ Trending Higher Since Mid Febru
Post# of 2559
Posted On: 03/16/2014 6:29:06 PM
CMXI Daily Chart ~ Trending Higher Since Mid February
CMXI saw its highest close since mid February while trending higher for the fourth week in a row. A close over .59 would suggest a test of the Jan and Dec highs of .64 and .68. The FullSto and MACDs are in excellent positions for a continue move higher as the company nears a number of catalysts over the next few weeks. Although I haven't added any shares since the entries of the high .40s to mid .50s, a few friends did in the .50-.55 range this last week.This chart has higher written all over it. Remember, a simple move from .50 to .60 is 20%, to .70 is 40% and .80 is 60%. Nothing wrong with those returns for a boring hold. GLTA
CMXI saw its highest close since mid February while trending higher for the fourth week in a row. A close over .59 would suggest a test of the Jan and Dec highs of .64 and .68. The FullSto and MACDs are in excellent positions for a continue move higher as the company nears a number of catalysts over the next few weeks. Although I haven't added any shares since the entries of the high .40s to mid .50s, a few friends did in the .50-.55 range this last week.This chart has higher written all over it. Remember, a simple move from .50 to .60 is 20%, to .70 is 40% and .80 is 60%. Nothing wrong with those returns for a boring hold. GLTA
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