Thursday, July 21, 2011

Clifton Mining Company Building Case To Test Fifty (Cents) Again Soon

When I posted "For Clifton Mining Company (CFTN) 50 is the MagiC NumbeR" I noted how important the line at $0.50 is for Clifton Mining Company share price.

Here is the chart I posted on May 29th, 2011:

Now take a look at the chart below which shows that Clifton Mining Stock (CFTN) is building a stairway of steps toward the 50 cent level.

With the weekly slow stochastic having gone into oversold territory and now turning back up, this may once be an opportunity for the share price to head back up from the current price of $0.33 to test the $0.50 level once again.  Only maybe this time it will actually break through.  If it does and if it holds above 50 cents, this would become a new level of massive support for Clifton to continue building upon.