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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

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INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

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CGB

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Beauty...

posted on Dec 20, 10 11:36AM (Log in to use the IP Check tool) ^[?]

Another beauty formation which I think broke out last Friday. I say "think" because there seems to be two formations I can identify. The first is a Ascending Triangle with a few false breakouts of the support line at $1.20. The second is a Bullish Symmetrical Triangle with is about to break out. Its hard to see the volume bars on this chart but if you zoom in to remove those volume spikes, you'll see that Friday's volume is twice the average volume which is why I think it broke out. Initial target from here is $1.35 for gains of 10.6%. Next target is at $1.60 for gains of 31.1%. This stock is a low volume stock but still has an average of over 200,000 and is why it shows up on my scans. Anything less that that and it doesn't show up on them.

Click here for chart and here for other weekly picks.

Cheers!