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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (55998)	1/10/2020 5:11:07 PM
From: Doug R	Respond to of 79438

The thing(s) about CERC. Its beta is high. It's chart is interesting because it has synced 2 patterns. (and one of 'em's not even mine :-) I love it when that happens) From monthly, then on to the daily (chart 2), there's another embedded cup and handle in progress. A break out there...leads to a breakout on the monthly. So we go to the hard right edge of the chart to gauge prospects for the likelihood of just such an event. In order to see if the technical profile is consistent with the actual current dynamic of the price chart, we move on to line drawing fun (chart 3) [note: MACD parameters adjusted for higher sensitivity] Funny that the monthly cup and handle didn't produce a MIM during April - Oct 2017 to key on early at really low prices. Also funny that NOW...on the daily...there's a cup looking toward handle (which I believe will be bypassed for this iteration of the pattern) containing a hybrid "daily MIMBO".