All good after a lacklustre day for the ASX and the rest of my...

All good after a lacklustre day for the ASX and the rest of my holdings, bah humbug.
CVT held it's own today against the prevailing trend which was great to see (unexpected?).
For mine, the significant factor was that it held and closed above 32c, the magic resistance level.
If it can hold the current sp then my confidence level is greatly enhanced.

In fact, I wouldn't be surprised at all to see the sp swiftly move into the late 30s - simply based on the action of the 50ema which has just dissected the top bolly on narrowing bolly bands, which quite often flags the beginning of a new trend (in either direction). But considering the sp is currently sitting on the bottom bolly there is very little room for a break downwards.

So ........ let's see if the market can stymie my enthusiasm for a topside break, with follow thru (and upsized chips and coke to go!). Touch wood