CXM 2.75% 5.3¢ centrex limited

Personally I like using horizontal trendlines versus dynamic...

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    Personally I like using horizontal trendlines versus dynamic trendlines as they seem more reliable especially when there have been multiple touches. For dynamic trendlines, sometimes you see really clear ones that have been respected. Usually these marry to a swing low point and not the one you drew (the one that calls out a 2 c price going forward) that ignores the low point / rather disects right through the middle of it. People can draw arbitary lines where-ever they like, it doesn't mean they are going to be respected. Each to their own and good luck to you.

    I had the 6.3c level mapped for a while and see this as being pretty strong support plus is where the 0.78 fib is (it hit this level on the nose) off the 2020 low. I like the way that it quickly hit this level and bounced quickly. It smells like a stop hunt / a flush out of weak hands.

    GLTA

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