CCM 2.08% 4.7¢ cadoux limited

2022 - General Discussion, page-683

  1. 591 Posts.
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    Absolutely with you on leaving juniors without funding. The music has stopped, folks just yet to realise.

    I want to see a break above that upper line you can see in the image I posted earlier, which is where I see the top resistance of the downtrend channel. So I am not trying to pick a bottom, I would much prefer to miss the first leg up to be in a sustainable move up. I really like the company/thematic but I have been burnt before buying in anticipation of a bottom.

    Though I have been putting profits back in very small parcels when I saw each support levels with some buys around ~40c and ~25c. Because at then end of the day I saw value at those levels and a chance of a base to move up from, and we were looking good in the mid 20's until the macro hit the risk end of the market.

    It will be tough for the next little while. I don't mind a wait.

    How you playing it?

    IMO, DYOR

    MJ


 
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