CUS 2.17% 4.7¢ copper search limited

is that the bottom ivan?, page-3

  1. 3,501 Posts.
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    I've had a very close look at the chart on on the 8th of Oct CUS touched $1.70 on an intraday low, then revisted $1.70 on the 14th of Oct. I would have liked it to retest $1.70 again with some volume i.e Arms wash out box when the last sellers are taken out. However it has bounced of $1.70 and it's into the low $1.90's....low volume is a concern though. However tentative signs have emerged that $1.70 is the bottom and it's now unlikley to be going to $1.55/$1.60. Was not enough signals for me to risk a trade but it may turn back and bounce of $1.70....and I'd be in. If the uptrend continues the next buy signal would be if it broke through $2.07 i.e $2.15. the $2.07 resitance would then become support.
    All this without the buy back is positive as it give's a true indication of where the share price is at.
 
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