I have been very bearish on this stock for a long time now while holding.
However I beleive we are in for a big movement on share price shortly based on technicals.
First, Daily MACD has crossed over to the buy side.
Second, Bollinger Bands are very tight, this indicates a strong likelihood of a price breakout.
Third, RSI is ticking up.
Fourth, buy side volume has increased significantly and is now higher than sellers, first time in quite a while.
The weight of this suggests a signicant price increase IMO but we did have a failed buy signal in early July.
This may only be a short term swing with a subsequent return to current levels as weekly indicators are still bearish.
Wait and see.
CUO
copperco limited
I have been very bearish on this stock for a long time now while...
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