Coastal Pacific Mining Corp (fka CPMCF)

[greennutsack]

Based on the chart:

The RSI is heading into OVERBOUGHT territory at 63

but

The MACD is pinching and about to cross facing up which is a good bullish indicator, also we are above both the 200 and 50 DMA also very bullish, not to mention about $14 million dollars has traded in this stock in 2 days!

I suspect a gap up tomorrow with some possible profit taking and maybe consolidation, keep an eye on the RSI levels as well to come down a bit.

Check out the accumulation/distribution!

This had been 1 insane ride!

Best wishes to all

http://stockcharts.com/h-sc/ui?s=CPMCF&p=D&b=5&g=0&id=p45075240113

Those who bought today will be lucky tomorrow for the gap up, but while I feel this is still UNDERVALUED, it is due for a pull back, keep in mind there is a huge gap from yesterdays close still needing closing.

I would play this accordingly as a swing trade, maybe hold some shares free, if you do so sell at the ask and keep the momo going at least.