Clear Bullish Technical indicator on the chart over the last few days with is a "higher low" as shown on the chart below. Sounds insignificant but is anything but...More strength to come and soon IMHO. Also noted a the early formation of a rounded bottom over the last several weeks and a small ascending triangle on the hourly chart over the last few days which tells me the next step likely to be a retest of 42c.
Noticed the suppressing activity of a bot that has been trying to suppress the price for the past week or two and has had limited success... however I think the positive sentiment is starting to overwhelm the bot. A break above 42c will signal the confirmation that a new uptrend is starting IMO.
My expectation is that the stock will follow the path of the blue line I have drawn on the chart above shortly.
A lot of folk hyperventilating negativity (mostly rehash of old points already factored in seems to be their hobby, maybe disgruntled ex employee's/ ex holders) on CTP threads but clearly the news flow over the next 6 months will be extremely strong ... You need to look past the hot air expended on this thread (and other forums) by the Doom/gloom merchants and follow the upcoming FA announcement stream, key and eye on the TA and Price.
CTP Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
