Daily chart.... [ATTACH] Lovely action today...right on cue ;)...

Daily chart....



Lovely action today...right on cue

That offscreen buyer swooped in a few times and wiped complete lines off the depth..and I have no doubt that it was the same entity that capped it just before close. As mentioned they are managing this quite beautifully and don't want to release the reigns just quite yet. Obvious guess could be they have not yet had their fill and don't want to blow the top until the accumulation is complete.

The chart further corroborates the price action with the inverted head and shoulders formation nearing completion on the daily. Like with the traditional head and shoulders formation been a tell tale indication of distribution the opposite holds true on the the flip side (inverse H&S's) which is usually a good indication of accumulation been carried out.

I have a measured move from the neckline of circa +16.1cps...so that's a round abouts inverted H&S projection target of circa $0.51-$0.52.

Now please don't expect this to go up in a straight line...lol, but a big reversal is in motion.

We could hope that CVT will make a couple of market appraisals (announcements of deals/signings etc) during the March quarter which should further enable the market to re-price the stock. It's so de-risked now.

Looks like Moelis & Co's target could be in sight in the near future...