welcome back Mike....
What attracted me to CFLO like ARTG before it exploded was
1. 80 Million shares outstanding or less
2. at least over 100,000 shares traded each day
3. A cup and handle pattern or nice double bottom
4. An attack twice at the neckline,2.50,and failure... remember the sainted Zeev, who says, "Three strikes and you are out!" So that is where baseball got the usage...lol..
5. A few million share days in the recent past, to show gurgling with life effect
6. A time to take out stops before the move above the neckline..They did this quite nicely, when they moved it the second time at 2.50, and then continued shorting, until they managed to close it two days ago at 2.15...They then took at dip at 2.09, removing every last little guy that was out there...
7.Now they are accumulating, but keeping it below the neckline, making you wonder whether it is still accumulation..Well it is...
8.ADX moving on my program from 18,20,21..a birth of a trend...
Looks to me like 3.50-4.00 is coming.....With a 10,000 share position, that means a paycheck for the week between $13,000(if you got in at 2.20)to $18,000....
And who said Gizzards can't make decent profits on one of these little guys...
GO GIZZARDS! DOMINATE....
Unfortunately today the NASDAQ is at the top of its trading range 1950-1750, so we may go sideways here for a while before CFLO moves...Right now trading range from 2.00-2.50 |
