Some really interesting activity is happening with Corazon's chart - it looks like a golden cross is occurring! Below is the chart for CZN's shareprice over the last 12 months and it has several trend lines - the daily (yellow), the 9-day (pale blue), the 50-day (dark blue) and the 200-day (orange). The shareprice has already cross aboved both the 9 and 50 day trends (WMAs). And is just about to cross over the 200-day trend. It is a very significant event. We can interpret that it is about to break-out from the bear pattern of the recent 18 months or so. Momentum is gathering and the chart is suggesting we could be off to the races. This positive change in the chart is boosted by this week's announcement of the new appointment to oversee the restart of nickel sulfide exploration and mine development studies at Lake Lynn. And given that the nickel price has bounced strongly of late, there is plenty of scope for CZN to go from a marketcap of about $5 million to many bags, especially if a big company is attracted to the re-start of the Lake Lynn nickel mine. A lot has happened in just a week. So good luck amigos.
CZN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)