Amigos y amigas
CNGR and GTNR mags
since I am in both all disclaimers apply.
CNGR: 5.75, 5.95 utrend, 6.125 utrend, 6.15 utrend, 6.25 strong, 6.375 flat trendline, 6.4375 weak, 6.50 flat trendline, 6.50 weak, 7.3125 neutral zone, 8.125 weak, 8.25 weak, 10.375 weak, 11.50, 11.75....
CNGR will need some serious V to bust away from the low to mid 6s. I am looking for a short term pullback which I will use to add to my position. Anything at or under 6.25 looks excellent for entry. Per my previous CNGR reads I did not include the 6.375 and 6.50 flat trendlines. This is because I did not go into pre 95 data on prior read. Once these trendlines are tested thoroughly (est 7-10 trading days) the run up should be quite strong as the selling pressure will have been overcome. Most important element in CNGR is Volume. Once it picks up, CNGR should move nicely
GTNR: 3.60, 4.0625, 4.375, 4.55 utrend, 12.25 utrend
GTNR is a beauty of a chart. Up days have higher Volume than down days for the past few months which indicates accumulation. I am accumulating this stock in upper 3s and low 4s for anticipation of a run into the, GULP, teens.... stay tuned folks
ht
david
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