Thursday, January 6, 2011

CBL weekly chart

Hey, I was just chatting with a buddy in the Charts Gone Wild chatroom, and thought I'd post a chart for everyone to see... sometimes it's much easier to show things on a chart than to type out what you're trying to say! Anyway, this is why I like CBL on the weekly timeframe. I don't know anything about the company, and if I were to buy this for a positional or long-term swing, I'd look into it before buying. But technically speaking, I think it looks great! Also, notice the huge volume (accumulation) in the past 2 years... So my measured move target would be around 36$ in the next 1-2 years... long-term play as I said!

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