I think many of the traders from low 2's & up seen the wall forming at .035 choosing to make that their exit further adding to the wall.
The longer .035 is supported the increased chance that most of the traders will have been offloaded with fresh investors/traders.
Volume has been decent Friday & today already...The longer .035 holds the better chance of it forming the new battle line & testing the 4's.
I'd be wrapped to see 4's on the back of the Costco news sinking in..It was promising so it's very possible the increases aren't finished just yet.
New news could see 5's?
- Forums
- ASX - By Stock
- CGB
- CGB - 1.9c to 7.2c - What will happen in the next 6 months.
CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-156
-
- There are more pages in this discussion • 1,990 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)