mini me run, page-28

Well I thought this time CVI looked good to continue its run when it dropped to around 22.5 as this was the low point for a steep trend up. Since it broke this I sold half my position and the other negative is it is a sell on the MACD which in the past has proved a signal it will continue downwards. On the positive side it did break its downtrend when it broke through around 20 cents a couple of weeks ago.
My opinion is .18 will offer good resistence as it is around 50% retracement from the latest run. I think it will hover around here and muster support before the MACD turns positive again for the next run up.

Regards

MikePike