Investors are not sure what to do with CMG right now. The bulls argue that CMG slipped out of its ascending black line bull channel while the bears say the situation is worse as CMG slipped out of its downhill blue channel.
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While CMG looks to have lost its black channel, it appears investors are satisfied with a somewhat neutral view of keeping inside the blue channel although, it is a steeply descending channel. Note that at some point in the next few months the ultra steep red channel is going to try to push it out of its blue channel if CMG trades sideways here for a while.
Trade well my friends
Alan
