CGG 0.00% 53.0¢ citadel resource group limited

flying, page-8

  1. 12,327 Posts.
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    Anybody been watching the last few days trading at close?

    It seems to have some good buying especially on the close, although today on the open a large 600k seller (capper perhaps) with buy side drying up?

    First time in a while that sellers exceed buyers.

    Strange if good news is expected.

    The guts (no pun intended) says its in a consolidation period, although I cant get a clear direction form the charts. Indicators Stoch, macd & CCI indicating down, but this is the second day we have closed with a dragon fly showing buyers fighting back against the sellers.

    "During the period of a dragonfly doji, prices will typically open at a high, sell off, and then return to the opening price. Dragonfly doji are fairly unusual, but when they do occur, they often resolve bullishly."
    http://web.streetauthority.com/terms/d/dragonfly.asp

    Onward & upward I say..

    But don't listen to me I could be a seller :)
 
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