There's a lot of action going on here in a short time span. I have identified three different stock patterns in CIDM over the past 6 months. The first pattern is a simple horizontal channel. The second is a head & shoulders pattern. The third (current) is an ascending channel.
DOGE ...like many altcoins has gotten beaten up for weeks but over the weekend (unless you're living under a rock), crypto is having a bit of a renaissance, DOGE included. So we took a closer look at some basic levels following a Fib retracement plot and wouldn't you know it, some interesting levels have emerged. Namely the 786 fib has clearly been a sticky area...
I drew the fib retracement starting from March 2020 lows and sure enough, it pinpointed a few key levels, the 786 fib line being one of them and CIDM is testing that as we speak. Depending on the volume and if this news event has some legs, CIDM could be one of the penny stocks to watch this week. A lot will likely come down to how it will close the day on...
CIDM approaching 786 fib, which has continued to be a resistance level since last summer. It's held above this a few times, but in general, CIDM has failed to break above more times than it has successfully remained higher than this level. However, current potential support has fluctuated on the price scale but remains consistent vs the 200DMA (in red) for the...
I know this mite sound silly but... i think this company has potential to do mind warping runs. It is being heavily shorted and accumulated. It has good news DAILY. They are an upcoming OTT streaming service like netflix and have a rapidly growing clientelle. They are already being called the "indie netflix" and Indie is becoming very popular at this...
This is an analysis on behalf of the trend lines leading back to last year (incorporating short term trend lines ).. In my opinion we're either looking at a breakout to the downside with a minimum level of .70 (with a possible bounce back from .90 support level) or ultimately a breakout to the upside on the other hand in order to retest 2$ level.. If that breaks...
Found this 9 month cup and handle on CIDM by accident. Seems to be following the resistance lines rarely well. Hope this pattern holds up true!
CIDM is the stock of the moment, good earns in this 2021
The Idea is to hold before going long. Go long only if the resistance 1 will be broken. Cinedigm Partners With Spherex to Expand International Content Distribution Capabilities Cinedigm reduces total debt by 47% and annual interest expense by 37% NASDAQ:CIDM
The Weather Channel's Local Now Expands OTT Streaming Offerings With Cinedigm Distribution Partnership The Bob Ross Channel, Dove Channel, Gametoon, FashionBox, CONtv, Anime, Comedy Dynamics and BAMBU are Among Channels Now Available on Local Now This collaboration is part of Local Now's commitment to expanding the depth, availability, and entertainment value of...
CIDM had an epic run from a few pennies to 6$. It has came back to earth and I think it may be on the first moves headed back up. Look for confirmation if it bounces off the downtrend channel, in red. Hopefully, right at the green arrow it will bounce and confirm this as support and move up. Looking at .75 and 1.00 as first TP's then letting rest run.
From the headlines today, "Deal with China’s #1 Theme Park and Children’s Media Company Brings Thousands of Hours of Top-Rated Programming to American Audiences." High risk and high reward play. Currently at support. Also, the bottom indicators has red bars; It typically means that there is a lot of pressure above and below (from all sides) on the price. The...
CIDM has completed the consolidation after the previous wave up. If the 1,80 level holds i'm looking for one more wave up.
CIDM is forming a flag formation. We can see the breakout confirmation in the hourly frame. We think it will go up to 2.63