CFO 0.00% 0.2¢ cfoam limited

CFO chart, page-178

  1. 3,606 Posts.
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    Today was good, first the weekly, Friday Afternoon at 4:10pm it needs to close above 43.5c and preferably at 47c for a good reversal bar for the week.



    Todays bar, also good, closed on support having opened under support, was some supply over support but was to be expected. Notice the large volume today relative to the other days, tomorrow we want another upbar, targeting 47c with an increased amount of volume as confidence (demand) returns.

    A close over 47c would put the price above that pink 9 period EMA line, as well as break that most recent downtrend, starting a new uptrend, while still keeping us within the original downtrend since IPO.



    So happy with today, possible reversal point from today, to be reversed needs more volume (demand) to come in and start pushing the price towards those higher resistance lines.
 
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