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Good Evening,
CGAC is already getting lots of attention on social media after the sneak
peak of its chart earlier today, so lets make this quick.
I will say... its not often you see a chart set up like this combined with a
LOW FLOAT of only 20Mil Shares.
Over 300 of you wrote in asking for more details on the chart and what my
expectations are...... so here we go:
 RSI - Moving up from oversold range, Very Bullish
Price - Trending right at the support line of .02. Bullish
MACD - Far under zero line, a very bullish indication
Acc/Dist - At absolute bottom for the first time in months.
So... the question of the day is..... how high can CGAC go?
Well, last time it had a volume spike it moved up from .038 to .081
which is about a 113pct move.
Back then the indicators where not even as bullish as they are right
now... do you see why I am yelling CGAC CGAC?
Trending near the bottom bollinger band, CGAC chart shows that it could
clearly move up to its first level of resistance which is around .03 range
about 50pct from current levels.
Wold you complain about a 50pct trade?
I would hope not since a measly $1K would have a value of $1.5K.
But lets say it keeps going, and breaks out.... its next resistance level is not
until the top bollinger band, around .04... 100pct from current levels making
that 1k now 2k....
Seeing how these numbers work.... you should be prepared, given the fact
that every trader out there who has seen CGAC bottom bounce chart will
be fighting for entry as soon as the bell rings in the morning. IMO
Sincerely,
SSR
Tickerlogix LLC has received two thsnd dlrs via a b.ank w.ire for the a.wareness of CGAC from a third party Stockchat LLC
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