Sunday, 11 January 2015

Don't be the bag holder

Nice channel on CAM here:

Note the failure at the top end of the channel, followed by a collapse to the lower line. Price has fallen under this and made a retest of the support line. 

CAM could flush through the low here and fall further; or it could create a double bottom and try to get back inside the channel. Either way, the use of technical analysis gives us a clear edge. If you're a serious investor, don't be left holding the bag at the failure of the $75 level.

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