Chart CKK

@Ozzyleb

These kind of stocks are not day trades. More liquid ones with more favourable spreads can be found elsewhere.

What CKK is though, is a short-medium term play.

What we like to see is a long base and then a breakout from that base on volume.

We can see the base below. We can also see the volume. We do not have the breakout...yet. That would be 1.5c.

In effect, anybody buying now is getting in very early. If VT's analysis is correct, then the BO will happen soon. Once that happens, CKK will be on far more radars. I usually prefer to buy the BO but this one is making plenty of early noises (price and volume) which most rangebound stocks do not exhibit.

So those key levels 1.5c for the BO. 1.2c some resistance.

IMO, it's best not to stare at the screen too closely on these kind of stocks.