re: chart - pushing at resistance levels
I dont understand why everyone keeps comparing CMQ to CTF .
CMQ has a market cap of $240 million dollars CTF has a market cap of $8m.
I recognise that cmq is in to a food additive for poultry etc and CTF has a broad range of antibacterial products that are organic and kill a range of bacteria,but thats about it.
It seems that CMQ has been well marketed whilst CTF is relatively unknown to the market coming on through PLX rather than through instituional brokers like ORD minett who did the recent capital raising.
I hold CTF and like the way the chart is looking being a steady riser,I dont quite understand the RSI and Bands etc though.
I like the particular strength in the oppies who are still out of the money indicating people are looking for leverage on a long term basis.
On CMQ if it was to fall to much further with the cap raise via a rights issue underwritten at 2.40 I might actually add this one as well to my stocks.
This is just my opinion though ,and im no expert so speak to a broker for advise dont listen to us who have a interest in the stocks we like to chat about .....
By the way Sabre whats the chart saying is the short and long term expectation,and where is the resistance going to hit ?
PLX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
