$CIG Resistance at 2.76 zone, Definition zone. low Volume. Long Resistance at 2.76 zone. Old resistance but new support? . Low Volume until now, but apparently increasing. Definition zone. Stan Weisntein invest point. Long in CIG. will see. It's my opinion. I'm inside this train, it's only a matter of patience. Electricity is FUTURE.
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett
CMIG3 trade ideas
CIG looks like a great opportunity for a swing trade.CIG has been very cyclical lately, and has been reliably bouncing off of this trend line and bouncing dramatically. I think there is a high likelihood that it will continue this trend and pattern. That means that I should have a fantastic entry point soon.
CIG - Cup & handle formation break-out Long from $2.87 to $3.67 CIG seems breaking out a cup and handle formation, also broken out long term resistance. Moneyflow is strong, and also has support form the moving averages. We think it has good upside potential & it can go all the way to $3.67 or higher.
It was send through our intraday alert.
* Trade Criteria *
Date first found- February 15, 2017
Pattern/Why-
Entry Target Criteria- Break of $3.10
Exit Target Criteria- 1st Target $3.43, 2nd Target $3.67
Stop Loss Criteria- $2.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CIG: A Momentum Stock?Chart Details: CIG has been moving nicely for the past few weeks. With MACD starting to level out, our opportunity to buy in might be arriving. With the Oscillators moving into normal ranges we may see another upward push by CIG. Keep an eye on this one!
*Disclaimer* Present buy may not be a bad Risk/Reward. It has been showing a solid upward trend; however, Key Statistics do show a weighted alpha of -36.
CIG A New Momentum Company?CIG has climbed above its 200 day MA which could possible indicate a trend change, For the last month CIG has been climbing and is up nearly $0.70 from $1.47. I expect the price to continue to increase for the next few days. If the price breaks resistance and maintains that level it would be a optimum buying point; however, if not that look for a dip buy.
$CIG short into resistance$CIG has been running the past three days, will be watching this one to see how it reacts out of the gates tomorrow morning, usually reacts well to being over sold so i'll give it a little room to wiggle before the breakdown short entry with my stop being slightly above the $2 level