AI
CGHI -- No long play... and no short play.
Definately overbought but the XAU still has the indications of more upside so the play would be to buy the dips until the XAU changes it's mood. Notice how price is negatively divergent with volume, a sure sign the stock will pull back soon. Also confirming this is MACD hitting the ceiling. I'm not sure if this stock can even be shorted? Is it a pink sheet? My model has not even met it's first requirement for shorting anything, so I would watch for a pull back in the XAU and then see where this one stands. Looks like it could be a nice long play in the near future.
Definately overbought but the XAU still has the indications of more upside so the play would be to buy the dips until the XAU changes it's mood. Notice how price is negatively divergent with volume, a sure sign the stock will pull back soon. Also confirming this is MACD hitting the ceiling. I'm not sure if this stock can even be shorted? Is it a pink sheet? My model has not even met it's first requirement for shorting anything, so I would watch for a pull back in the XAU and then see where this one stands. Looks like it could be a nice long play in the near future.
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