CHAG - Chancellor Group Inc - Page 41

IMO, this is going to run hard, charts are setup beautifully. All the long term moving averages are pointed up and the price is consolidating above them. There has been very obvious and steady accumulation for a long time now, and that's why I believe we're going to see this pop.

I still gotta consider it a lotto play because it's pretty thinly traded, but it's such a solid setup. A close today at .07 or better would really spark my interest.

nice channel Simon...vol is kinda scary though...of course I'm no expert

You're right, the volume on this one is low. That's why I'm playing it more as a lotto trade than a normal quick flip/ trade. The play here is a breakout setup, not a channel trade.

http://stockcharts.com/h-sc/ui?s=CHA...d=p40874833177

Look at the weekly chart and you can see that the price has been holding above the 50 week MA now for months, with the MA angling up. I'm looking for a break of the 52 week high, which is right around .09. Like you said volume is minimal but my plan was to buy on some support here and wait it out, and ideally when you see the stock start to breakout it's going to become much more liquid (more volume).