Rob, i am not for a minute suggest that anyone should be trying to trade...in fact the opposite. I remember as a newbie I would get on to a good thing and expect it to rise forever. I remember being a bit disappointed when a stock would retrace and being absolutely dismayed when the selling was near an end. Usually at this point i would sell in time to watch the stock bounce out of reach.
19c is only a possibility and that's all. that is based on a 50% retrace which is a point where stocks often bounce. It is also characterized by very low volume close to the bounce point.
So the whole point of me posting this is if you have become dismayed watching the stock fall from 26.5c to 19.5...and volume trading is very low then beware. selling may not be a good idea.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
