some chartists thought.............mmmCAPE LAMBERT IRON ORE LTD...

some chartists thought.............mmm



CAPE LAMBERT IRON ORE LTD fell by -3.03% last day from AUD 0.66 to AUD 0.64. . In the last 10 days the price of CAPE LAMBERT IRON ORE LTD has been falling in a total of 6 out of 10 days, and is down by -7.25% in this period. Volume increased last day by 0,38 million shares, but on falling prices. This is may be an early warning and risk is increased a bit for the next couple of days. In total there were bought and sold 1,89 million million shares for approx. AUD 1,21 million.

3 MONTH TREND
CAPE LAMBERT IRON ORE LTD lays in the lower part of a very wide and strong rising trend on short term, and this will normally pose a very good buying opportunity. A break down the bottom trendline at AUD 0.61 will in first place indicate a slower raising rate, but may as well be a early warning for a trend shift. Given the current short term trend the stock is expected to rise 71.0% during the next 3 months and with 90% probability hold a price between AUD 1.04 and AUD 1.37 at the end of this period.