dreaming, page-2

dream or nightmare coming:

From Getagraph.com last night:

SHORT TERM COMMENTARY:
CUDECO LIMITED [Monday 4 Oct. 2010]:
(Autocomments)

CUDECO LIMITED fell by -0.50% last day from AUD 2.01 to AUD 2.00. . In the last 10 days the price of CUDECO LIMITED has been falling in a total of 6 out of 10 days. Volume increased last day by 220 070 shares, but on falling prices. This is may be an early warning and risk is increased a bit for the next couple of days. In total there were bought and sold 685 177 million shares for approx. AUD 1,37 million.

3 MONTH TREND
CUDECO LIMITED lays in the middle of a very wide and strong falling trend on short term and further fall within the trend is signalized. Given the current short term trend the stock is expected to fall -58.3% during the next 3 months and with 90% probability hold a price between AUD -0.03 and AUD 1.14 at the end of this period.


Support/Resistance |s
Support 1: AUD N/A Resistance 1: AUD 2.22
Support 2: AUD 2.00 Resistance 2: AUD 2.32
Support 3: AUD 1.71 Resistance 3: AUD 2.45



Not quite sure how one can have a negative share price, but the trend is there to see. This stock looks like becoming a shorter?s paradise very soon, if it has not already. The chart indicates that support evaporates very quickly below $2. Only one thing will halt this in my opinion, and that is mass resignation of the Board.