CL8 0.00% 1.3¢ carly holdings limited

Bigger Triangle Pattern..., page-53

  1. 24,192 Posts.
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    Well Well,

    We I see we have some naysayers on the charting front... wondered how long till they turned up. Well until proven otherwise (Ie close below Asc Trend Channel) I will maintain my view which is we have an large ascending triangle in play ... It is not uncommon to have smaller patterns (IE Sym Triangle, or smaller Asc triangles etc) within larger patterns. It does not negate the potency of the larger pattern until larger pattern is voided.

    Now we bounced out of a support region at 3.1-3.3c again relatively effortlessly again today ... seems bargain hunters again got a 2nd bite at the cherry. There will be again strong support in this region tomorrow ... in fact anywhere along the lower green trend line ( see my Chart at the being of this thread) will be a strong support area.

    So decision for holders and non holders is this stock cheap for what it is at $13-14m ... If you don't then be on you way ... but before you go take a look at DCC (another peer to peer co) which has no software even in Beta version... Its mcap is approx. $46 (infact went above $50m today)... ours $14 nearly 3.5 x the value...

    I reckon its a CL8 is a screaming buy at this mcap... a No brainer if you have some patience
 
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