I thought I'd help post an analysis of this chart since someone asked about it over at Mike's blog.
CapitaComm looks like a breakout of a triangle formation. There are HCRs from $2.20 to $2.45. This reduces the likelihood of large moves up in short term. As you can see the past few trading days since the breakout on 28 March shows that it keeps getting stuck in that $2.20-$2.30 band and then comes back down to $2.20+.
Moving average crossovers at $2.66 and $2.73. Support at $2.00 and $1.95
2 comments:
cyke nice TA. just a suggestion. why the price axis is clipped? i can see price from my chartnexus. i got a problem viewing your chart without the price
Great analysis, cyke. Thank you so much!
Post a Comment