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Gold/Mining/Energy : CCB vs ZEN truth board
ZEN.V 0.930+6.9%Feb 6 9:30 AM EST

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To: NLWest who wrote (3321)1/21/2016 5:38:42 PM
From: RuddyMongooseRead Replies (1) of 12350
 
Message #3321 from NLWest at 1/21/2016 3:45:06 PM

Here is the weekly chart: schrts.co

When it goes through 0.27 then it will have retraced 50% from the 52 week high and will keep going. I did notice this morning that RBC had a 100K catcher's mitt open at 0.25 (62% retracement) so, if it stays, someone is trying to cushion the fall.

No wonder Jiggyjiggy said sell


The chart says CCB is heading down some more from here. That up-tick close appears more painted than natural and if that is true then CCB should have closed on a downtick. That scenario is more probable considering the chart pattern prior to today.

Somebody can try to cushion the fall but they won't be able to stop an organic decline which is what appears to be happening at CCB. The trend is down because Marble just doesn't excite investors like Graphite did.
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