CXM trade ideas
CXM deal and up 200%. Bullish pennant with possibility of more.$CXM Centrex Metals.. superb deal, up 200%, but likely not over. Benefits of a good register.. Top 20 > 70% owned, biggest substantial holders with over half. Selling today was in/out traders. Strong closing auction picking up slack. High 15.5c likely test again tomorrow. $cxm.ax
CXM.AU: Bullish Pennant, awaiting confirmation (46%)Bullish Pennant, awaiting confirmation (46%)
Pros:
Volume during post formation
Descending volume during triangle formation
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
Cons:
200MA Flat
Target:
PT = 0.094$
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