NZS 0.00% 0.2¢ new zealand coastal seafoods limited

Hi All, Have a look at the CL8 chart as follows: [ATTACH]...

  1. 5,764 Posts.
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    Hi All,

    Have a look at the CL8 chart as follows:

    CL8.jpg

    Box/Point 1 – IPO
    Box/Point 2 – Goes for a big run
    Box/Point 3 – Raises money and falls below 2c
    Box/Point 4 – Gets back above 2c briefly and falls just below it before it finally…
    Box/Point 5 – Breaks out and goes for a massive run


    Comparing this to XTV we can see exactly the same pattern with XTV as the following chart shows:

    XTV.jpg

    Box/Point 1 – IPO
    Box/Point 2 – Goes for a big run
    Box/Point 3 – Raises money and falls below 2c
    Box/Point 4 – Gets back above 2c briefly and falls just below it before it finally…
    Box/Point 5 – Breakout coming imminently???

    Let’s see what happens in the very short term, but I get the feeling that we’ll get a decent contract or two signed up shortly and complete the CL8 copy-cat run in the short term.

    Cheers,

    GB
 
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