CNM - Carnegie Group 10-12-07 (updates down the page)
Bought 4-12-07 @ 18.5c.
This one is now at critical point. Price could break out of this
pennant on this test of resistance - which is only the 3rd test. A 3rd
test breakout is more bullish than a 4th test breakout, especially when
price is still within 3/4 of the pennant.
Price may well retrace a
little and form a higher low then crash through on the 4th attempt,
which would still suit me fine, but if price gets through resistance on
this attempt, the move could be explosive, i want a piece of THAT
action !
However, if price does retrace a little and set up the 4th
test breakout... i'll use the retracement as an accumulation
opportunity.
Solid buying support is evident.
Update: 11-12-2007
Breakout today, hoping to buy more on any sign of profit taking.
Disclaimer: The above mentioned information is my opinion only, and
NOT to be taken as advice as i am NOT a licensed advisor. Caveat
emptor.