CGM 0.00% 0.1¢ cougar metals nl

Daily chart still intact, today's close wasnt a true reflect of...

  1. 48,997 Posts.
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    Daily chart still intact, today's close wasnt a true reflect of the volume and price action today.

    There were some very large buys that got filled today at 2 cents who sat on the buy side until they were filled.

    If there were to be any sellers that had most of the afternoon to dump 6 mil units into 1.9.

    We finally hit a bit of resistance, will require a bit more work to push past 2 cents, will happen by the end of the week IMO

    If you listen to @jimtraders though, he will have you believe that this is going to 1 cent by the end of next week because the fundamentals are not very strong apparently.

    Oh also the company is low on funds etc. etc.. Dont know why he comes to the DT thread. Clearly cant trade his way out of paper bag.

    CGM.png


    13 mil traded at 1.9
    12 mil traded at 2.0 ( with this mind, including traders, needs a bit more volume at 2 cents to get past this area )

    Cheers
 
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