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Gold/Mining/Energy : CCB vs ZEN truth board -- Ignore unavailable to you. Want to Upgrade?


To: NLWest who wrote (11122)8/8/2017 11:31:01 AM
From: helo4Respond to of 12350
 
  • NL, perhaps this chart and the analysis from RBC can shed light on your comment
  • Chart is 6 month, weekly
  • CA;CCB is below its 30 week moving average. This bearish sign is even more significant because the moving average is also trending lower.
  • CA;CCB is trading above its 10 week moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.