Updated chart. I'll be honest, I expanded the channel (black lines) slightly and gave it a wider range which takes into account the 2 dips under the channel more. But I believe this is the final change I'll make to the channel until it breaks upwards or downwards from it.
Anyway, volume has been low for the past 2 weeks since we were around the mid 60s area. So I wouldn't be worried about the current dip, it's actually a good thing imo. 60c seems to be supportive on both the ASX and TSX. (No TSX chart as volume has been insignificant)
I do believe CDV is ready for next leg up, hopefully it'll have enough strength to get past 70c then we'll see from there.
Gold price is doing great things but for some reason CDV's share price hardly ever benefits from this. Or so I thought... But I looked at both charts and I tried to put them on top of each other but couldn't figure out how so here's one of each. Both charts range from 23-Nov-2016 to 8-September-2017.
It seems to me that both CDV and gold had peaks around Feb, Apr, Jun, Sep. Both had dips in Feb, May and July. With the only exception being Gold dipping in March whilst CDV staying strong and CDV not yet peaking in September, soon to follow?
Take this as you will but I believe Gold is making a comeback and so is CDV. Changed my sentiment to BUY. however I currently don't have enough funds to buy shares as much as I would love to. Good luck to all holders and I am keen to see what September brings.
CDV Price at posting:
61.5¢ Sentiment: Buy Disclosure: Not Held