CM8 5.41% 3.5¢ crowd media holdings limited

CHART, page-8

  1. 1,409 Posts.
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    Ildsrud

    I'm encouraged by today's 'inside day' close, albeit on average vol.
    With the MACD potentially looking like a rejection of a negative cross, it adds more positive potential for SP appreciation.
    I concur with your pennant formation, which hopefully will break upside by cob Wed 17/8.
    If so, it suggests a ~4c potential gain, up to your 26-27c area - which coincides with the ~27c floor price indicated by the CN buy-in share price set at the EGM.
    So, based on the above, I reckon accumulation is now underway at the current cheap prices, with a 'melt-up' occurring this week.
    This should bring us back to the 27c resistance set in Feb/Mar this year, which if broken with reasonable vol should provide the floor price for another leg upward in coming months with further positive news flow.

    http://www.barchart.com/chart.php?sym=CM8.AX&style=technical&template=&p=DO&d=M&sd=&ed=&size=M&log=0&t=CANDLE&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=200&indicators=BBANDS(20,2,10066431,3227936511);KELT(20,16737792,16777113);MACD(12,26,9,16737792,10053375,13421721);RSIMOD(14,0,100,10079487,10040064);STOSL(14,3,16711680,153);SRSI(14,6710886,20,255,16711680);CHKMF(20,2135825);MFI(14,255,100,39168,16711680);CCI(20,6710886,100,26367,16724736);PVO(12,26,9,0,255,3439263744);OBV(6710835);PERF(65280);PVT(9179470);MOMENT(20,13395558);RSI(14,0,100,10079487,10040064);SMACD(12,26,9,16737792,10053375,13421721);EXPMA(9,)&chartindicator_17_code=BBANDS&chartindicator_17_param_0=20&chartindicator_17_param_1=2&chartindicator_17_param_2=10066431&chartindicator_17_param_3=3227936511&chartindicator_18_code=KELT&chartindicator_18_param_0=20&chartindicator_18_param_1=16737792&chartindicator_18_param_2=16777113&chartindicator_19_code=MACD&chartindicator_19_param_0=12&chartindicator_19_param_1=26&chartindicator_19_param_2=9&chartindicator_19_param_3=16737792&chartindicator_19_param_4=10053375&chartindicator_19_param_5=13421721&chartindicator_20_code=RSIMOD&chartindicator_20_param_0=14&chartindicator_20_param_1=0&chartindicator_20_param_2=100&chartindicator_20_param_3=10079487&chartindicator_20_param_4=10040064&chartindicator_21_code=STOSL&chartindicator_21_param_0=14&chartindicator_21_param_1=3&chartindicator_21_param_2=16711680&chartindicator_21_param_3=153&chartindicator_22_code=SRSI&chartindicator_22_param_0=14&chartindicator_22_param_1=6710886&chartindicator_22_param_2=20&chartindicator_22_param_3=255&chartindicator_22_param_4=16711680&chartindicator_23_code=CHKMF&chartindicator_23_param_0=20&chartindicator_23_param_1=2135825&chartindicator_24_code=MFI&chartindicator_24_param_0=14&chartindicator_24_param_1=255&chartindicator_24_param_2=100&chartindicator_24_param_3=39168&chartindicator_24_param_4=16711680&chartindicator_25_code=CCI&chartindicator_25_param_0=20&chartindicator_25_param_1=6710886&chartindicator_25_param_2=100&chartindicator_25_param_3=26367&chartindicator_25_param_4=16724736&chartindicator_26_code=PVO&chartindicator_26_param_0=12&chartindicator_26_param_1=26&chartindicator_26_param_2=9&chartindicator_26_param_3=0&chartindicator_26_param_4=255&chartindicator_26_param_5=3439263744&chartindicator_27_code=OBV&chartindicator_27_param_0=6710835&chartindicator_28_code=PERF&chartindicator_28_param_0=65280&chartindicator_29_code=PVT&chartindicator_29_param_0=9179470&chartindicator_30_code=MOMENT&chartindicator_30_param_0=20&chartindicator_30_param_1=13395558&chartindicator_31_code=RSI&chartindicator_31_param_0=14&chartindicator_31_param_1=0&chartindicator_31_param_2=100&chartindicator_31_param_3=10079487&chartindicator_31_param_4=10040064&chartindicator_32_code=SMACD&chartindicator_32_param_0=12&chartindicator_32_param_1=26&chartindicator_32_param_2=9&chartindicator_32_param_3=16737792&chartindicator_32_param_4=10053375&chartindicator_32_param_5=13421721&chartindicator_33_code=EXPMA&chartindicator_33_param_0=9&chartindicator_33_param_1=&addindicator=&submitted=1&fpage=&txtDate=#jump
    Last edited by chillam: 15/08/16
 
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