Whilst I also like the look of how CVI is shaping up chart wise and the fact it has held up well in recent days consolidating its gains, this bodes well for further runs. But any TA'er worth his/her salt knows that no one can say for sure what will or wont happen. Anyone that feels they are always correct with their calls are deluding themselves.
That being said it could play out as Sonu has said, and then they can say how good they are.
Early days but perhaps another flaggish formation developing? If so and if it breaks upward then I would suggest in the 30c ish range as a suggested target(note the use of if's)
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Whilst I also like the look of how CVI is shaping up chart wise...
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