CLE 0.00% 0.1¢ cyclone metals limited

a deal for sure It looks definitely a deal between JP morgan and...

  1. jzm
    732 Posts.
    a deal for sure It looks definitely a deal between JP morgan and the other party. The problem is that we don't know the reason behind the deal. As of today, JM has sold 5.6 MILs at average 0.31 cents. Today's volume shrinking to half a mil may indicates the deal is nearly done. Does this mean a breakout at 0.335 will occur soon? Looking at the chart, the stock has been traded in the range between the resistance line 0.335 and the support line 0.285 over the last three months! If a breakout does occur , this stock will be very bullish and the up trend will be long term.
 
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