After last week's successive run for CMT from P0.70 to P1.02, the market took a breather this week. A look at the chart shows that it has formed a bullish flag. Volume started to decrease at the start of the flag formation. I expect, however, volume to peak up upon breakout from this flag. Today's strong close could be a signal. MACD continues to point upwards. Let's see if CMT will resume its uptrend next week. Friday, February 15, 2008
CMT Takes A Breather
After last week's successive run for CMT from P0.70 to P1.02, the market took a breather this week. A look at the chart shows that it has formed a bullish flag. Volume started to decrease at the start of the flag formation. I expect, however, volume to peak up upon breakout from this flag. Today's strong close could be a signal. MACD continues to point upwards. Let's see if CMT will resume its uptrend next week. 
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