CNL's Price Action Exactly What You Want to See

Tischendorf Letter (12/08/2010)
"Most stocks took a breather today. The same applies to Continental Gold. From a technical standpoint, nothing in the chart tells me I should be concerned about. This still very much looks like constructive bullish technical action as the huge run-up is being digested. . .the action is constructive as the recent pullback is very shallow and, what is much more important, volume is decreasing significantly. That's exactly what you want to see when price retreats.

CNL has basically no overhead resistance and, as I wrote in a previous post, I expect it to reach a price target of at least $15over the next 6–12 months. . .Continental Gold remains one of the best-looking charts in the Colombian gold miner realm. That's why I firmly believe it is the best bet if you are looking for the next Ventana Gold."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: