But completely unsustainable - prices and indicators cannot maintain a parabolic rise indefinitely.
Just look at the MACD screaming away from its average, price is completely outside of the bollinger range, and RSI & stochastics topping out.
At some stage, soon I hope, it will retrace to relieve extreme overbought conditions, to allow for another fresh leg upward.
Hopefully it will be a sharp short shock, maybe in conjunction with an S&P500 induced ASX correction, which will also be healthy for the ASX200, to bring the CZZ indicators back below zero if possible, to reset the charts.
(I hope this chart attaches - my first attempt)
CZZ Price at posting:
$10.28 Sentiment: Buy Disclosure: Held
