The trades today at 0.4 to empty it have been larger, than those through the week. 2.5m, 4m, 1m x 2, 2m x 3
The sells at 0.5 are pretty light at 22m, the hurdle is 0.6 with 51m market depth wise and chart wise based on a historical point.
It won't see 0.3 now we're 108m sit as 0 4 has 22m
So question on 0.5. I'm looking to add more, but will only do so at 0.5 once I've seen 23m on sale reduce to about 10m and the 0.4 buy go from 22m to bout 30m.
If I see the 0.4 buys reduce and 0.5 sells increase I watch.
At the end of the day if your not day trading, ie happy to sit, one can't go wrong at this price. A resource upgrade automatically means this price won't be seen as present resource nice, but bit small for Vale, glencor etc. 200k tonne worth it to them.
Going on chart only, saucer says up. I buy on chart, I read stuff but chart makes my decision along with market depth change. Chat could be biggest thing, but if chart doesn't not reflect chat is crap. This stock isn't ramped by the stock tucked away the last 8 weeks and there no dizzy volume. Its controlled buying by the looks of it.
CZN Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
