CDT Chart, page-591

@MH91

Thanks mate I haven’t been scanning for trades last couple of months, as I’ve had my attention on other things but I’m about to kick back into gear haha..

Whats caused the spike? No news since quarterly.. I haven’t performed any fundamental analysis yet, but looking at the technicals there’s been a few signals recently, and you can correlate the earlier ones with the announcements in mid April with the licence application? and quarterly reports..

But I’m assuming there’s some anticipated news coming explaining the jump? If there is, this chart tells me it’s likely in the next week based on previous histogram action..



If no news comes out then watch for a retrace, even with the closing bid volume being 4:1 as that macd divergence (white *) is pretty steep it’s nothing really fundamentally supporting it yet, but I still see legs here next week..

The sentiment really shot north and is still waxing in positive territory, which is good with the squeeze letting go yesterday (middle arrow) but need confirmation of a continued pattern Monday..

Slingshot is also widening as the uptrend support gains strength..

I will suss out the broker data and see what’s happening on the transactions..

Bottom line, if I was watching this equity, my entry point would’ve been around the 20th May as the conditions were priming.. But those who have entered in the last couple of sessions will likely make some coin next week..

Although I know nothing really about the company, I’d bet my lefty some sort of announcement comes out next week..