CLE 0.00% 0.1¢ cyclone metals limited

on a comeback trail, page-3

  1. 3,904 Posts.
    Well I would like to be wrong, But it is sitting above the upper bollinger band - where stocks never hold for long, even if for no other reason than people with even half an eye on the chart will tend to hold back until it cools off and/or the bollinger bands catch up.

    When it gets through 50c and holds we should be fine - that is the 200 Day Moving Average and it will take a bit of pressure to push through. Also hampered by the old 50c is a nice round number problem so people will tend to put their sell and/or buy at that level.
 
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