Saturday, January 18, 2014 9:33:34 AM
CNDO ($2.89) Here's another that's near resistance and could be heading into the gap. Had very nice volume of 6.5M Friday. Formed a nice white candle reaching resistance and pulled back. Could make a move over the next two weeks or more.
I'll be watching to see if it pulls back from the double top on the 15 Min chart, and bounces off support at lower $2.70 and then greater support at $2.60.
IMO the Daily Chart shows if it can pass resistance around $3.20ish, then next resistance is 100MA at $3.86, and then maybe lower gap level of $5.5ish.
***I have only done a quick study of the charts and not the company and catalysts, etc.***
My 15 Min Chart of CNDO:
Thoughts? This is my first chart posting so let me know if you can view it ok.
I'll be watching to see if it pulls back from the double top on the 15 Min chart, and bounces off support at lower $2.70 and then greater support at $2.60.
IMO the Daily Chart shows if it can pass resistance around $3.20ish, then next resistance is 100MA at $3.86, and then maybe lower gap level of $5.5ish.
***I have only done a quick study of the charts and not the company and catalysts, etc.***
My 15 Min Chart of CNDO:
Thoughts? This is my first chart posting so let me know if you can view it ok.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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