short term down trend on CBZ
This is what I believe is happening,
over all CBZ may have an good long term growth. but for a very short time frame it appears to relax it self.
1. CBZ has been oscillating between its upper and lower trend lines for a while, until recently it spiked through the upper trend line.
2. CBZ is showing divergence between its price and Stoch.
3. gradual reduction in volume showing loosing interest in the bullish move ahead
3. on a fib scale I think stands upto relax 50% of its previous move
-Cheers
Scorp
over all CBZ may have an good long term growth. but for a very short time frame it appears to relax it self.
1. CBZ has been oscillating between its upper and lower trend lines for a while, until recently it spiked through the upper trend line.
2. CBZ is showing divergence between its price and Stoch.
3. gradual reduction in volume showing loosing interest in the bullish move ahead
3. on a fib scale I think stands upto relax 50% of its previous move
-Cheers
Scorp
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