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Thursday, March 04, 2010 9:38:26 PM
CDIV ANNOTATED CHARTS
Three annotated charts to look at. Please remember that these are just my interpretations, and I am by no means a charting expert, and you should make your own decisions. If anyone agrees or disagrees with anything, I'd be happy to hear your thoughts.
DAILY CHART
Not much to say about the daily but WOW -- strong uptrend going on. And you know what they say -- "the trend is your friend!" Over the last 13 days you could have made 300% return on your investment. And the way things look, a few days from now people who invested today will be just as happy with their return (probably moreso). Daily chart shows that CDIV has been a monster, although RSI is quite high.
60 MINUTE CHART
On the 60 minute chart you can see better indications of support and resistance. It looks like the 5 SMA (blue line at .424) and 10 SMA (red line at .401) have been providing very strong support. We had resistance at .45, so that is our next resistance level to break.
WEEKLY CHART
Curious about how high CDIV can climb, or whether it's too late to get in? here is the weekly chart, so you can see its history. I don't know that past highs are limits to what can be achieved now, because the short squeeze changes all the rules -- we can certainly blow beyond past highs because of the current situation (read up on the short squeeze in other posts if you don't know what I'm referring to). But it's still nice to know that CDIV has been over $3 before, so it certainly can do it again!
Three annotated charts to look at. Please remember that these are just my interpretations, and I am by no means a charting expert, and you should make your own decisions. If anyone agrees or disagrees with anything, I'd be happy to hear your thoughts.
DAILY CHART
Not much to say about the daily but WOW -- strong uptrend going on. And you know what they say -- "the trend is your friend!" Over the last 13 days you could have made 300% return on your investment. And the way things look, a few days from now people who invested today will be just as happy with their return (probably moreso). Daily chart shows that CDIV has been a monster, although RSI is quite high.
60 MINUTE CHART
On the 60 minute chart you can see better indications of support and resistance. It looks like the 5 SMA (blue line at .424) and 10 SMA (red line at .401) have been providing very strong support. We had resistance at .45, so that is our next resistance level to break.
WEEKLY CHART
Curious about how high CDIV can climb, or whether it's too late to get in? here is the weekly chart, so you can see its history. I don't know that past highs are limits to what can be achieved now, because the short squeeze changes all the rules -- we can certainly blow beyond past highs because of the current situation (read up on the short squeeze in other posts if you don't know what I'm referring to). But it's still nice to know that CDIV has been over $3 before, so it certainly can do it again!
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