My chart does show support around these levels but FA tells me this support could be broken. TA not so reliable in current climate. IMO
Because I believe the long term potential of CTP to be exceptionally good I am waiting for signal to get back in but what concerns me at present is 2 factors - 1. Dow is wobbly and will pull down CTP further if another downturn tonight. 2. Bond still has not been converted for obvious reason and if today closes at 9.7 then Bond will be issued at 9c If one more day at these levels Bond likely to be 8.76c. Till these converted shares are out of the way or a very positive announcement is made I see SP held up around current levels for next week at least.
I will be getting back in but dont see any reason to rush!
CTP Price at posting:
9.1¢ Sentiment: None Disclosure: Not Held
