CIDM : Trend Breakout Analysis
This is an analysis on behalf of the trend lines leading back to last year (incorporating short term trend lines ).. In my opinion we're either looking at a breakout to the downside with a minimum level of .70 (with a possible bounce back from .90 support level) or ultimately a breakout to the upside on the other hand in order to retest 2$ level.. If that breaks through 3.5$ would be a conservative target.. Let me know your opinions!?
As this is a heavily shorted stock.. I think this will breakout to the downside!
Before coming back up...
Best regards,
Moder8
As this is a heavily shorted stock.. I think this will breakout to the downside!
Before coming back up...
Best regards,
Moder8
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