CME Group Inc (NASDAQ: CME)
17 July 2018, Tuesday, 2.45pm Singapore Time
(Click on Technical Chart above to Expand)
Attached is the Technicals for CME Group that is listed in the US Market (NASDAQ: CME).
The 1st two green circles illustrate smart money buys. The red volume circled in yellow is bullish absorption (high volume). Thereafter, CME Group engaged in a series of high volume absorption of sells in the market -- forming a rounding bottom of re-accumulation too. We are not far off from the high volume absorption and the re-accumulation volumes by smart monies in Wall Street. The stock has been confirmed for long term uptrend now, as illustrated in the trinity of green circled regions. CME first target being $185 per share upon breakout. Thereafter, it may consolidate and move beyond $185 in the LT. I expect strong bull market to stimulate trading volumes and boost up CME share prices.
The 1st two green circles illustrate smart money buys. The red volume circled in yellow is bullish absorption (high volume). Thereafter, CME Group engaged in a series of high volume absorption of sells in the market -- forming a rounding bottom of re-accumulation too. We are not far off from the high volume absorption and the re-accumulation volumes by smart monies in Wall Street. The stock has been confirmed for long term uptrend now, as illustrated in the trinity of green circled regions. CME first target being $185 per share upon breakout. Thereafter, it may consolidate and move beyond $185 in the LT. I expect strong bull market to stimulate trading volumes and boost up CME share prices.
The Donovan Norfolk Technical Rating:
Bullish
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