CEL setup at play

Alright, since CEL doesn't have a dedicated thread on the chart thread (only a previous chart page in the general forum), thought it was about time to set it up correctly.

It's been a while, but now is the time to sit back up and pay attention! Looks as though the overnight presentation to the North Americans is starting to gain traction and the market is realising the true scale of what the company has on its hands!

A look a the short, medium and longer term setups at play...

Daily - short term
A definite shift in momentum today with supporting volume to reaffirm the break back into the 30's after a few months of consolidating the sizeable capital raise and stock that came out of escrow. There will be some noise in the 30c - 33c range for the stock to work through, but once cleared it will open the door for a run back to previous closing highs at 38c.

Indicators breaking nicely higher off the back of the move today with MACD jaws widening above the 0 control line and the price action closing above the topside bollinger bands (not on this chart).


Weekly - medium term
Solid move from the indicators as the RSI has broken out whilst the MACD is on the cusp of a positive cross and a move back above the 0 control line. The door is open for a much larger move to play out over the medium term. Once the previous highs are taken out Iam expecting the price action to move hard and fast.


Monthly -longer term
This is where we can really see the potential at play for CEL.
Once previous highs are cleared a move into the 43c - 80c range is upon us. Iam expecting price moves to be larger and faster once we are in this range, so hold onto your hats! Once 80c is cleared all time highs are in sight.

Indicators are bullish as the MACD jaws begin to widen once more above the 0 control line. Stochastics have broken higher with the RSI having plenty of room to move before over bought signals.