CEL - technical setup v bullish, page-63

Looking interesting for CEL

Good to see support respected and hold at the previous high of 28c. I may have been a little too ambitious expecting to see some action back at 26c and missed the chance to top up at recent lows.

Need to see a close above 31.5c for the door to be open for a run at previous highs.

This will see a positive cross in the MACD and a continuation in the RSI reversal and Stochastics sustaining a move out of oversold territory.

Volume to support this move would be highly encouraging.

If price action is unable to achieve this we can expect further consolidation within the 28c - 31.5c range for the short term. With the offer looking pretty thin i don't think it will take much to effect the break above this technical level of interest.