Monthly $CDE chart is showing me some interesting things happening. First, the 20 MEMA is crossing over the 50 MSMA, which has only happened 4 times in 24 years. LOL, 3 out of 4 times $CDE dropped in the months and years that followed. However, all the way back in 2003, that cross over proceeded a huge run. So my takeaway is this - if $CDE stalls out over next couple of months after this crossover it would be a major red flag. It should tear higher.
Zooming in, I want to examine the last few monthly candles. Agust put in a very long tailed, seemingly hammer-ish candle, followed by a bullish engulfing candle, then a red corrective candle that did not even cover half of the prior green candle. Next was a long tailed hammer, or dragonfly like candle. December is off to a good start so far.
I am staying focused on this beautiful 24-year falling wedge. Breakout imminent, IMO.
#CDE #CDE