CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-73

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pizza8686

3,105 Posts.

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30/08/19

02:35

Post #: 40231585
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Originally posted by NZtrader ↑

First off, thanks for the recommendations.

Secondly, how about that call? Thanks Pizza for the shout out. Price, an announcement, even the positions of the 2 arrows, 2.3c UP, and first resistance at 2.9c (which will be confirmed or not, tomorrow).

Have another look at the chart I posted in the link. Posted on the 26th at close at 2.3c, put an up arrow exactly at 2.3c with one stop at 2.9c and one stop for the mostly likely top short term at 3.8c.

3 days later, we're 0.8c above... we're had a good ann. Did I know about it? Of course not, but the market knew or felt it, it was in the chart something was happening and due to make CGB rise again.

For those who don't believe technical analysis, spend decades on the craft and you'll understand.

Update:

3.1c is a very strong close, We've closed above 2.9 which was the real challenge here, I don't see any obstacle to now fill the gap. This is the kind of significant news that actually adds value to the Mcap. Congrats to the board. But the market told me before it happened!

You may see a small retrace back to 2.9c, and then bounce up to 3.9c, for the REAL test.

Also I need to put a 3rd scenario back in the mix.

It may NOT go down to 1.9c given the strength of the action today. If that's the case, then the bottom may be around 2.9c and hold until December 2019, with the significant boom to 7.2c starting in December.

That's chartism for you. Always having to look at what the market says, always having to draw new "things" and always having to consider being wrong on new information.

Good luck to the holders, good luck to the traders.

Let's see how CGB does around 3.9c. I gave it two weeks, so probably next week is where we get close to it.

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Definitely a strong finish closing on its high and passing .028 was significant
Could attempt closing that Gap on Friday 30/8/19
Market buying the news , Market anticipating more news flow to follow
.028 will be the Support line possibly.
So Currently we Have a bottom at .023 on 26/8/19
also take into consideration when CGB trades past
.034 it will record all time record high under the new entity
Wait and see where it tops out before retracing

Overall a Great Announcement and the Market supported it
next one not far away and possibly after a retrace in price

CGB Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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