Tuesday, July 12, 2016

CNMC GoldMine - Gold Digger

Amazing sell down in CNMC Goldmine continues. The stock had some weak buying with distribution in the 5 min chart combined with profit taking from the Big Fish last week, it was almost an instant text book answer that it got sold down yesterday and today. Studying the 5 min chart now, it looks like short term short covering and more downside to come. Be alert if you are holding this counter.

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Ronald K - Market Psychologist - A Stock Market Opportunist