CMY 0.00% 0.5¢ capital mining limited

chart update, page-2

  1. 476 Posts.
    I dont see a lot to be concerned about here, in my view this is a normal retrace.

    Currently trading at around a 50% retrace of the recent run up. There should be very strong support around the 9-10 cent level as the 61.8% fib, a previous resistance level and the 20 EMA act as a confluence of support.

    The stock blew threw the bollingers on the strong run up and was ripe for a pullback to consolidate the run. The volume to the downside has been relatively very low which is a good sign for holders.

    sell depth looks a little concerning but this can change at the drop of a hat. Management should definately look to give holders an update of some kind regarding there projects.

    looks like a pretty normal pullback to me(just my view).

 
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