Cardinal Resources Inc fka CDNL

[lowtrade]

Hate to do it but Chart update.


I know I'll be accused of bashing and trying to get price lower, so I can buy back in lower. But a chart is a chart. And I don't buy before positive breakout of resistance levels. My next entry is when 2 cents is broken. I buy when positive things happen only. Don't gamble on come backs.

Make of it what you will. This is my 7th chart here. All previous were positive or weak positive. Since yesterday things have changed.

What ALL should be hoping for is a failed descending chart pattern. Meaning .012 to HOLD. You don't want to see increasing volume in any price decline, for that to happen.

Patterns do fail completely (never break) and partially (don't reach target). But the odds on patterns successes is good. That's why I trade them.

Also if it does break down, watch for stalls at support, as a positive. But if it breaks, those small gaps below act as tiny magnets on direction.