Bearish potential detected for CMMEntry conditions:
(i) lower share price for ASX:CMM along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $8.23 (open of 21st March).
CMM
Wait for a retest before committing Breaking out of the bull flag. Wait for a retest of the breakout before committing
A nice setup - wait & watch for a decisive breakA nice bull flag forming and patience is recommended
Will the inverted head & shoulders provide a bullish breakout ?Capricorn Metals had a new BoD replace the old one, who had resisted a takeover attempt. The price is breaking out form an inverted head and shoulder formation with a long bullish candle. A close above the .075 level has bullish potential. The RSI is now in the positive zone. This is not investment advice nor a recommendation to buy/sell. Please DYOR.
