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Gold/Mining/Energy : Cornerstone Capital Resources (CGP.V)
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From: TheSlowLane12/12/2009 6:53:58 AM
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The weekly chart of CGP.v continues to show a cup and handle forming. This is a pattern I have seen over and over and over again in the junior mining stocks recently which has preceded significant breakouts. Particularly significant, imo, is the enormous volume on the right side of the cup followed by dramatically lighter volume on the left side of the handle. This is about as clear as it gets, imo, in telegraphing that the next significant move will be to the upside. Also significant, imo, is the 10/30 EMA crossover in October and the support that the 10 week EMA is now providing.

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