that C&H breakout worked quite as expected - in fact a text book breakout and target of 34.5c reached ( expected 35c)...
been watching the low volume retrace from the 34.5c ==>30c and that brings me to another VERY VERY INTERESTING formation in place here...
posting two charts and two Fibonacci retracements and extensions here for a proper understanding and explanation of why I think 42c is now in play here - YES 42c target this side of November ...
Leg 1 of this
so the calculation for LEG 1 is as under:
26/10 - 25.5c LOW
02/11 - 30c HIGH
07/11 - 27c retrace to 61.8% fib level ==> this gave target of 34.28~34.5c
13/11 - 34.5c 161.8% Fib extension reached
=========================================================
This brings into LEG 2 of this movement on which I base my 42c target now...
Calculation of Leg -2 is as under:
07/11 - 27c LOW
13/11 - 34.5c HIGH
15/11 - 30c retrace to 61.8% Fib level of 29.865 ~ 30c
XX/11- 42.135 ~ 42c target at 161.8% Fib extension as per previous target of 34.5c
Hope this explains my train of thought... I have seen this play out very well in the past and have been putting them on HC in the past... (did it for AAR - another goldie from 2c ==> 8c recently and that worked to perfection)...
let us see if the 42c target is reached - imo before the end of Nov 2017... let us see if this is true...
as always, comments welcome and of course, no financial advice given... please dyor...
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Last
5.6¢ |
Change
0.002(3.70%) |
Mkt cap ! $91.69M |
Open | High | Low | Value | Volume |
5.5¢ | 5.7¢ | 5.5¢ | $25.27K | 453.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 167506 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 457400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 167506 | 0.056 |
3 | 231246 | 0.055 |
2 | 300000 | 0.054 |
1 | 75000 | 0.053 |
2 | 51461 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 457400 | 1 |
0.058 | 87273 | 3 |
0.059 | 278969 | 5 |
0.060 | 1014599 | 5 |
0.061 | 19231 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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