Tomorrow will be interesting for the short term setup for CM8. A...

Tomorrow will be interesting for the short term setup for CM8.

A close back above the 3.3c - previous resistance would be a positive. At a minimum I would like to see the price action close above the topside bollinger band currently at 3.06c (so 3.1c or better) to keep the door open for a continuation of a larger move higher in the short term, otherwise i'd expect to see a level of consolidation around the 3c mark before the next leg takes hold.

If it wants to sustain the move above the previous resistance level at 3.3c the share price can and will likely run on to the 6.7c target pretty quickly.

Looks like the response to the speeding ticket took the wind out of the sails for the hot money chasing it today.

Other indicators are in the go zone for the next leg to take hold. I did also notice the CEO pick up a few on market recently, which is always encouraging.