CEY 0.00% $6.16 centennial coal company limited

how is the chart *Rembrandt, page-2

  1. 5,816 Posts.
    re: how is the chart ... arthur Hi Arthur, had a look and having some difficulty getting a grip of CEY ...

    Couldn't get a Fib study on it that I was really happy with ... however, a fast RSI has triggered confirmed with a nice convergence ...

    Against this is a line study showing that either a trendline breakout is about to occur or that some further downside possible ... in other words the line study does not really support the technical indicators ...

    Haven't checked the fundamentals but given CEY has been the topic of recent discussion guess positive ann/news about so this could overide negative/uncertain aspects of the analysis ...

    If positive ann ... and a rally Monday thru the trendline then a cautious ENTRY possible and add if confirms ...

    Chart (untidy) looks like this ...


    Cheers ... as usual .. tight stops.


    This is only my view ... read the red stuff.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.