short term trading week starting - 30th dec, page-6

  1. 5,279 Posts.
    CRH - a possible mini-FGE type bounce looming.

    This is the end of day chart as at yesterday.

    As you can see - a clear bullish divergence which (yellow trendlines). MACD is also showing this divergence.


    The price is now beginning to follow. At time of writing, it's up 3% today to 33.5c. Would be nice to recover to the 60c sell off point.

    Fundamentally - I read it's EBITDA is around $15m. Not bad for an $85m company.

 
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