Hey I do not know much either, but charts as they do tell the past. Sometimes to know where your going its best to know where you have been.
I do like the 20day ema (although I will allocate indicators depending on the personality of the stock, this increases the probability.)
This 20ema is a noise filter for day to day trading so as you can see 20 day ema says uptrend, even though we have just come out of a small downtrend/correction from its fast increase.
During the recent downtrend (yellow line) there was an 85% probability that the this would continue, until it met an opposing force, in this case the ema (probabilities have not changed in the bulls favour).
Rather than break through this ema, the sp moved up for 4 days with a continuation upwards.
I would merely like to point out that the chart suggests a time to watch, there maybe a clear buy signal coming. Or cer will enter into a sideways trend. IMO not a bad thing either. This stock is too good not too have.
What we do in todays bad times, are going to create tomorrows good times. I was in at 3cents, but will ride the trends if available.
CER Price at posting:
8.4¢ Sentiment: LT Buy Disclosure: Held
