the day trader in the herald sun has bought CGX...
"On July 4, we bought 8000 CGA Mining (CGX) at 68c for a total of $5460. After a fall to nearly 50c in mid-2005, CGX rose to form a spike high at 70c in August 2005. The price then fell to below 40c in 2006 and traded the rest of that year between 40c and 50c. It then climbed to form another 70c spike high earlier this year before falling steadily to form a spike low at 50c in May. It quickly ran back up to 69c by mid-June. Since then it gently moved down to 64c before rounding back up and on July 3 it closed at 68c on increased volume. This was my buy trigger for a now anticipated move above 70c, after which the next resistance is around $1."
CGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
