Final little tree-shake here, have seen a small exit from short...

Final little tree-shake here, have seen a small exit from short positions over the last couple of weeks. Suspect that today could mark the end of the 12 month sell off cycle. Still not trading any substantial volumes on negative trading days. 50% of the sell side loaded at 68.5c and 70c. Volatility looking like it’s cycling up short term. Touching back to the 50 day SMA, 300 day SMA still at just over 80c.

A bunch of arbitrary numbers, but together they form a very convincing sentiment that CNB is being “well traded” and positioned for its next upward move. For those in above $1 still a way to go, but at 60c the move to average holdings and capitalise on this discount would be an intelligent play. Even more convinced seeing this mornings trading activity that tomorrow is going to be the day we see another 1M volume traded and another 10% + move.

Given the numerous broker reports targeting large scale copper exploration and producers, CNB has yet to realise this overtly positive sentiment. With ~80m SOI realistically trade-able, momentum can shift quickly.

Fingers crossed that tomorrow brings with it the lofty expectations I’ve put to it. Happy with my re-entry prices.