Heres a chart for CFE. I got in on the close today as it looked ok to me for a run.
On the daily price broke out at 38c convincingly on high volume. There is no obvious resistance until about 45c.
The weekly chart tells a similar story. Daily Stochastic, though in overbought territory have just turned up. Weekly stochastics are also pointing up on the weekly. Both weekly and daily MACD are moving higher. Acc/Dis is converging with price supporting the move up.
Price is rising above the 20 day MA, which is above the 50 MA which is above the 200 MA and all are pointing up.
Note the bullish divergence between price and Acc/Dis on the weekly chart. Any opinions welcome.
[URL=http://img15.imageshack.us/i/cfedaily.png/][/URL]
[URL=http://img15.imageshack.us/i/cfeweekly.png/][/URL]
[URL=http://img11.imageshack.us/i/cfeindicators.png/][/URL]
cfe chart
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.47M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $153 | 153K |
| CLE (ASX) Chart |