Australia's largest stock trading and investment forum Australia's #1 stock forum

CM8

Click for more information

5.41%

3.5¢ crowd media holdings limited

Nice post. I agree with everything you say. I am looking for a...

First 13 Last

Share
Profile

Follow
HAC30

5,127 Posts.

367

05/01/17

22:54

Post #: 21709175
Share

Originally posted by chillam ↑

Yes, I'm a bottom man also.

Speaking of bottoms, I've attached a few charts for today's sp.
A Long term view, a close-up view and a bunch of standard indicators.

And it certainly looks like 7.9c is the bottom.
Admittedly it's very early days, but I do like the look of the current uptrend, which is immediately facing a test of the longer term down trend and the top Bollinger Band.

I'm going out on a limb here, but I wouldn't be surprised at all to see a continued move up in the next several days into the early teens (11 12c) before retracing to retest 10c.

For me it's not time to be taking money off the table, but to be accumulating and doubling-up, instead of doubling down.
And for those that have opted out, it's time to start looking closely at re-entry points, as CM8 at the current sp looks to have a lot more room/potential top-side for sp expansion v's downside risk.

I just hope that I haven't jinxed the sp.

View attachment 398798

View attachment 398801 View attachment 398813

Expand

Nice post.

I agree with everything you say. I am looking for a re-entry point but part of me also wants to sit on the sidelines to actually see cold, hard results even if it costs me a bit more to get back in...

CM8 Price at posting: 9.8¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

HMI

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

OAR

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

There are more pages in this discussion • 39 more messages in this thread...

First 13 Last

Add CM8 (ASX) to my watchlist