Hi Phoenix ! I posted a chart on the other thread yesterday looked a short burn covering rally to me.
It was a big spike on larger than normal volume, the sell off this morning could have been the normal 50% retrace and profit taking. We are not even sure if the buyback was active yesterday until we see an appendix 3 notice.
As long as it holds $3.40 it has broken out of the downtrend. $3.40 for CDU is like 11.5c for QMN that's the line in sand for both stocks to start heading north.
Cheers Hoot
CDU Price at posting:
$3.42 Sentiment: Buy Disclosure: Held
