trading buy in price for csl?, page-15

Nice thread and initial chart CS. (by the way would appreciate a lesson on the basis of the support/trend lines (are they "speed angles") shown on the chart ... look elegant but not sure of there origin?)


Thought i would throw up a couple of charts that I have been playing with (apologies for how crowded they are as they are my "working chart" and too lazy to cut all the irrelevent stuff ... even my notes; I hope they are legible?):

First longer term 94 years or so) showing the range of speed angles that are repeating and my pitch forks, (p/f)

A few observations:
-chart actually has 4 different speed angles shown
- note the classic measured move (MM) in 07/08; moved price from $15 to > $40 (glory days for long term holders like myself ... didn't even know what a MM was back then but enjoyed it! LOL)



Now lets have a closer look (below) at the last 8 months or so:
-In feb it finally broke out of the 15 month "wedge pattern" that it had been trading in ... fortunately to the upside
-it has recently "smashed" my 2 shorter range speed angles and has a potential target of around $42 for the third one (4th speed angle not shown but projects price to $47 ... could it?)



So final comment: this is supposed to be a +ive thread so with the greatest respect Selmax (one of my fav posters!) take your talk of shorting somewhere else!!!

I want this puppy to go way further LOL

As always welcome feedback or comment + or -!!
GJ