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Monday, 12 November 2012

CAHI Volume alert

CAHI had been absent on the volume for a few months then started to see some mid Oct. Today CAHI saw a record volume day on news  and spent most of the day trading between .12 and .10 to close at the low of the day on what looked like one seller wanting out at .10  at the end of the day
 
The trading looked really good here today with most being buys at the ask and CAHI is looking like a true "volume before price" kind of play.
 
Lots of buying happened today on the news of new business opportunities in Sandy's aftermath
 
 
As well CAHI had news on Nov. 6th of a completed merger and name change
 
 
 
The important thing to look at on this chart is not the indicators so much because of the limited trading in the past but to look at the tight price pattern since mid Oct. to today and the record volume which shows shares being accumulated on this base and we are looking for a breakout upward as shares get scarcer.
 
Anything under .12 should see an easy 50% on any rise above and we are anticipating a move up soon. Perhaps as early as next week, giving us all time to get in on this soon to be Popper, IMO.
 
I don't really see price dropping below .08 and that is our main support here. Lots of good buying today in this volume!!!
 
Daily
 
 
 
 
 
 
 
 
 


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