Hi guys, has anyone noticed that there has been no major sell down now for over a week or so? This is clearly different to how its been over the previous few months, have the sellers finally gone?
Here is the current price chart for CSD over the last year:
The price is increasing to the 8.0c level that has met much resistance in the past. Looks to me like the next good day could blow right through it and at least up to the 10c level where there was much trading earlier this year. Been a similar amount of volume compared to earlier in the year too but the price hasn't moved a great deal and therefore has much further potential to move.
A very bullish chart in my honest opinion, the options expiring at year end only just adds to the story. Could be an interesting few weeks coming up..
(Do your own investing)
CSD Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
