Trader's Logbook

Current price of CMT is within the consolidation area of Ascending Triangle. This triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation. For those who bought this stock at a lower price, this might be a good chance to add. Just monitor the price movement as it may also turn sour just like any other stocks.

Caveat!