CUO copperco limited

big move comming...

  1. 228 Posts.
    I have been very bearish on this stock for a long time now while holding.

    However I beleive we are in for a big movement on share price shortly based on technicals.

    First, Daily MACD has crossed over to the buy side.

    Second, Bollinger Bands are very tight, this indicates a strong likelihood of a price breakout.

    Third, RSI is ticking up.

    Fourth, buy side volume has increased significantly and is now higher than sellers, first time in quite a while.

    The weight of this suggests a signicant price increase IMO but we did have a failed buy signal in early July.

    This may only be a short term swing with a subsequent return to current levels as weekly indicators are still bearish.

    Wait and see.

 
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Currently unlisted public company.

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