Hi all, 5hareholder not being critical at all, I appreciate your charts very much, we all see things differently and I for one appreciate as many different perspectives as I can get.
But one thing I noticed is that your charting software isn't showing the trading halt when Conglin tried his takeover.
On 16/07/10 we gapped down from 0.52 to an open of 0.415, then the same day we went up & tested a high of 0.48, which left a gap of 4c.
This gap down area (0.48 to 0.52) is quite a strong resistance area, and this is what we need to clear.
Having said all that, in CAP's case I believe we'll punch through that with no trouble at all, but it'll take an announcement and strong volume to do so. Once we close above 0.52 convincingly, this area should become strong support.
Not long to go now imo.
CAP Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held