Tom, re CKG.v I don't think I can be of much definitive help.
This appears to be more an issue of fundamentals, and that is my worst area. I don't have time to do much, and to be more honest I don't like doing it. I usually do some on my own holdings, but probably less than I should. I often forget what I read some hours later. I am better at remembering charts and such.
So I think Claude much more qualified in this area than I.
Re TA the chart is not long enough to say much with certainty. Here is Dpoints version.
ttrader.com\'s%20charts&id=427&d=2
It obviously put in a powerful initial move. It appears there are now two possibilities re the longer term future.
a) It is in a 'B' as part of an ABC corrective sequence. This would infer the price would most likely increase back up to the 4.5 area, and fail to punch through. It would then fall and complete a 'C', and complete the entire correction.
b) It completed an ABC correction last August, and is now in a major wave up. The size of the first move was such to indicate the next wave should be a good one, if indeed it is in this 'next wave'. The PMO indicator is a DPoint exclusive, looks very positive, and does not give many false signals. It (the PMO) is rapidly increasing, and if you look at that little chart on the right, the leading component of the PMO is pulling rapidly away from the lagging.
Either way there appears to be some good initial upside, and based on that I may take a stake very soon. Am presently very low on cash.
I don't recall how we started discussing this, but thanks. |
