Hi friends,Here is a basic chart update of CIG as of yesterday's...

Hi friends,

Here is a basic chart update of CIG as of yesterday's close.



Observations:

1. There is a possible golden cross of two short term moving averages indicating an improving trend.

2. Chaikin money flow displays a positive divergence where price has been falling, but the money flow indicator has gone sideways diverging from that falling trend. In a previous positive divergence situation as indicated on the chart, a positive divergence has led to higher prices as shown on the chart.

Hope this chart update is useful to some.

May the best prices be yours,

dascore