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chemist72

02/28/19 10:54 AM

#1527 RE: SmoothInvestor9 #1526

My chart reading shows close above $.28 as "mini-breakout".

What the heck is a mini-breakout? I had been looking at channel trading between about $.21 and #.31 since mid-October. For about the past 2 months, I had seen a narrowing of that channel to about $.23 to $.28.

So, while I basically agree that a "major" breakout will occur with a close above $.32, for now a close above $.28 will be a mini-breakout from the channel CRXPF has been trading in for the past 2 months.

Disclaimer: Chart analysis is not a precise science and is subject to the chartist's interpretation. All the above is just my own interpretation of CRXPF's chart since about mid-October 2018.