Has the sell side pressure been exhausted for CEL?
Support at 26.5c has been respected.
Do we see one last capitulation that sees the RSI print an oversold reading? I think this is a 5% probability of occurring. Worth noting that it's not required to see a sustainable push higher. Stoachastics spending much time oversold and MACD jaws still wide and negatively positioned.
A move to the topside of the range at 31.5c will see the MACD jaws close and look to print a positive cross.
Positive news overnight with Great Bear in Canada seeing a takeover bid. Nice to see M&A in the gold space heat up once more.
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