CBH has released some good numbers! Although new mines are still 12 months off before adding to earnings, current numbers should increase over the short term from existing operations!
Larger picture sees CBH pulling back for the best part of a year! That resistance trend line looks like it will be tackled shortly! A short term setup has formed to tackle the large cycle setup!
A look at the shorter time frame indicates a fairly bullish price setup! Momentum here `may` give the sp enough strength to push through resistance around 62c!?
Lets see how this plays out! If 62c is tacken out with momentum from a 57.5c smaller cycle breakout, we may have a sp move on our hands!!!
Trade safe!
CBH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
