CMQ 0.00% 8.3¢ chemeq limited

retracement met - for the critics

  1. 10,543 Posts.
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    Despite a barage of abuse at the time from this stocks promoters CMQ has quietly moved on down to complete its retracement today ar $5.15 as forecast when the stock peaked in June.

    I post the chart for the record only. I'm sure we won't be hearing any retractions ?

    Nice hammer formed as a result so a bounce is most likely on the cards from here. Look for $6.50 but might struggle due to the premature bounce mid June before completeling the initial fall. This bounced failed mid way to the 23.6% resistance which to me does not look overly strong.

 
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