Cerro Dorado Inc (PINK:CDCH), also known as the copycat of its sister company Medinah Mineral Inc (PINK:MDMN), did exactly what MDMN made two days ago. Namely, it fell sharply down on a heavy volume.
And while MDMN has been on the rise in the last two days, CDCH is still to prove whether it will follow the path of MDMN. From a specific point of view, this provides for plenty of speculative opportunities, which have been exploited by CDCH dedicated traders for a long time now.
Apart from that, it must be mentioned CDCH is still marked with no information signs on the OTC markets. Therefore it is not surprising that such significant stock moves of CDCH stock happen without any issued press releases or reports.[BANNER]
From a technical point of view, there is currently positive divergence between the stock downfall and the climbing MACD. This fact might additionally stimulate CDCH to follow its sister company’s stock.
These factors can determine the possible stock movement in the next couple of days, but on the long run the stock movement is highly unpredictable due to the “limited information” status of the two companies.
