So I am leaning towards a short term bearish view that low 3.0c range is in play, maybe even dabble into high 2.0c range. Put in a definitive higher low and make a potential new primary trend. Worst case i.e. market crash then could even see 1.5c range. That's a screaming buy for me though. I also want to see reduced volume again at any low to confirm this.
For the bullish case it could of course reverse nicely here and get back to the 6.0c range no doubt. Needs a good news catalyst i.e. outstanding drill results to make that move possible. Seems unlikely before mid Jan but could be wrong.
Longer term I'd like to see the 3 year 'Cup' form and then breakout before allocating a larger portion of capital. Clear sky's above that previous high in early 2018. Those candles got big and happened quickly! I'm sure there has been significant dilution since then however.
I'll leave the chart be for a few months and come back to it to see where I went wrong. GLA. I'm accumulating.
Charts in Weekly. Therefore less noisy on price fluctuations.
CCZ Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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