Camd

[TheChartGuru]

Reversing the down trend and getting ready to break out

The Guru has spoken

[TheChartGuru]

The Chart is looking more like BCGI before the break out. Now forming the handle on the cup. Should take off this week.

http://stockcharts.com/h-sc/ui?s=CAMD&p=D&b=5&g=0&id=p03813499099

The Guru has spoken

[k-dog]

Chart Guru, I am learning TA and have a question. Please go easy on me. Are you concerned that CAMD looks oversold due to the RSI of about 45 and the chart approaching the upper bollinger band? :?:

[TheChartGuru]

CAMD WAS oversold. Now it is curling up. It is trading above the MA(20) and it is normal for a stock to pull back after touching the Upper Bollinger Band. It formed a spinning top after it touched the UBB so it is a good sign that it will soon break above the UBB and continue to "walk" up the UBB and fill the gap to $6.

The Guru has spoken

[k-dog]

Thank you. I think I worded that wrong anyway. It is good that it is oversold. I see support at about 3.80.

[TheChartGuru]

CAMD near short term resistance. Possible break out soon. May fill the gap up to $5.75 at some point

http://stockcharts.com/h-sc/ui?s=CAMD&p=D&b=5&g=0&id=p89389336486

The Guru has spoken

[Will]

I like this stock....the fundamentals seem to be pretty good