Chemeq (CMQ) Winner of the Week

Submitted by Marco on 30 April, 2006 - 13:15

Chemeq (CMQ) this weeks biggest winner

Chemeq (CMQ) is the winning stock of the week up 46% with absolutely no explanation. But having a look at the graph, Chemeq has been going down for a while already. As a share trader, no indicator could have predicted this break. Although a fast EMA set of EMA 5+21 could have caught the break point a day before the jump. Also, if you look at the candles, - they were all red, well mostly red, until the last three days that revealed some thick green candles.

Chemeq released this piece of information to the market in the 28th April - last Friday. In the document, the ASX noticed the extra volume and price spike in Chemeq's stock and asks, "Is the Company aware of any information concerning it that has not been announcedwhich ,if known, could be an explanation for recent trading in the securities of the Company?" To which Chemeq Responds, "No". Check your charts.