CMG's been stuck in a tight range ($56-$59). Big gap up to $64. Breakout time?
### Analysis:
* **Daily Chart:** Consolidation for 3 weeks. Spring loaded! * **Volume Profile:** Point of Control (POC) around $58. Price likes to revisit these. * **Main Event:** Gap up to $64. That's the prize. * **Backup Plan:** Small gaps below at $56 and $54.50 *if* it breaks down.
### Trade Idea:
**Bullish (What I'm watching):**
* **Buy:** Break *above* $59 with strong volume. * **Target:** $64 gap fill. * **Stop:** Below $56 (or tighter, your call).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.