CLE 0.00% 0.1¢ cyclone metals limited

tech analysis, page-5

  1. 4,442 Posts.
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    Interesting typo there with 'tarders'.

    Technically, CFE is sitting on some support, or close enough to some level of 'support'. But what is really supporting it is whatever whim Tony Sage has, and that depends mostly on which side of bed he gets up on - the Chinese side, or the Russian side. Or the side where he does another swifty on the Chinese with a spoiler bid from the Russians and keeps the MCC non-refundable downpayment, and then the Russki's fard off and leave him a few mill richer in CFE and able to do the mattress fandango once again with a suitor.

    Waste of time, this stock, technically and fundamentally. And for the record, technicals are worthless when they are driven by fundamentals like takeover bids. its pointless looking at a MACD or stohastic oscillator going up and down when whats driving the movements is rumours and speculation about how much will they pay, to whom, and when?

    So maybe we need to start yet another thread - because this stock has no fundamentals and no technical basis.
 
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