Caledonia Mining is up a bit on the day, funds flowing in kept the price up 2.05% since yesterday. It looks like CMCL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line CMCL is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through
this line in which case there might be a burst of selling on the other side. Caledonia Mining hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.
If we get a reversal off of support and Caledonia Mining starts moving up, it can probably get to $23.76 at which point it'll need to break through that resistance level in order to keep moving higher. If Caledonia Mining continues to break down lower from here, it'll likely fall until it gets to $18.94 at which point previous buyers at this level may move in and give it support.
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Metals & Mining | 25 | 0.6684 | 12.7124 | 7.6516 | 22.6332 | 29.9004 | 95.6216 | 50.32 | 36.5224 | 45.9764 | 50.9352 | -3075.2 | -14193.4 | 0 | 4 | 4.55881 | 0.5752 |
| Basic Materials | 121 | -0.48314 | 5.44802 | 6.58322 | 13.3161 | 19.2955 | 39.8639 | 56.5207 | 17.2817 | 19.2389 | 22.1079 | -5986.11 | -11345.6 | 2.2727 | 8.2645 | 3.52136 | 0.337438 |
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