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
However, if price does retrace a little and set up the 4th
test breakout... i'll use the retracement as an accumulation
Solid buying support is evident.
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