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CGF

CGF - What is next?CGF after making a high in early February, plummeted hard. After the bounce, price has gone up but the current swing looks very corrective. It could be in the process of making a bear flag and price could come down to the lower end of the parallel channel to give one more swing low and another buying opportunity. If price comes down, I would wait for bullish price confirmation at the lower end of the channel where my Buy Zone is at around $5.00. Lets see how it progresses. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFLong
by AsimMirzaTrader
CGF - Another Buying OpportunityCGF has pulled back as anticipated, and is expected to give another buying opportunity. The recent pullback seems incomplete though and may be it has a little more room to the downside before turning up. I have two scenarios: Scenario 1 - Can go higher after forming a base and shows bullish price action Scenario 2 - Can dip lower towards my Buy Zone and trendline Support between $4.40 - $4.70. In both the above scenarios, my target is the same targeting the previous highs, atleast towards $6.75 (potential 40% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFLong
by AsimMirzaTrader
CGF - Another Buying OpportunityBullish Confirmation Indications Recent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent session's price action, ( Bearish Candle) indicates that the stock price is facing a hard time continuing up 4. The price is at 50% Fib Retracement level of $6.60 and which is also a Resistance Zone 5. MACD is suggesting that Bullish Momentum is exhausting 6. I will be confident to buy in the $5.10 - $6.10 region (Buy Zone). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFShort
by AsimMirzaTrader