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Coms: Buy at 4.85p - Triangle Breakout Suggests As High As 7p

By The Closet Chartist | Tuesday 7 January 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


As a general rule one of the best starting guns as far as a rally in a stock or market is concerned tends to be an unfilled gap through or above the 200 day moving average. This is exactly what we saw in April as far as Coms (COMS) shares were concerned when the price action delivered a wide gap through the 1p level and above the 200 day line then around just 0.8p.



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