Odd price action today, page-7

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markeewan

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15/12/15

19:48

Post #: 16620993
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Originally posted by johnyb26 ↑

Early has unwavering , staunch long commitment I'll give him that , a true believer until the end.

But what we saw today from CSD is called capitulation. And unless we see a decent rally tommorow, it augers very badly for the short term price action . I don't see the support there at his stage . Down ramping ? Nope, a reality check, yes. Shake outs don't close on their daily lows so wasn't one of those.

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Not enough volume for capitulation, probably more like a couple of sellers needing some cash.

The price won't stabilise until they have sold out, I'll give you that and so definitely some more weakness ahead.

CSD Price at posting: 2.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Odd price action today, page-7

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