CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Investors Presentation , page-39

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  1. 12,503 Posts.
    reiner, the day's volume was telling the story.

    it looked like they were trying to crank up 30-40m volume

    that was enough to soak up profit takers from 1c who were looking for 1 tick profits + wiping out the sell volumes at 1.2c

    they knew they had to break & hold 1.2c closing as this would be considered a bullish breakout.

    wont think much into the 1.3 close tho as the volume traded was tiny, a nice little bonus tho if the stock decides to open at 1.3c tomorrow & tracks further up but leaves no gap behind.

    tho futures not looking too flash, so maybe soaking up profit takers from 1.1c in the morning first? hopefully reaching 1.6c tomorrow?

 
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