CFO 0.00% 0.2¢ cfoam limited

Chart resistance, page-186

  1. 3,496 Posts.
    lightbulb Created with Sketch. 1040
    Thanks mate appreciate the tag and good analysis ...

    I’ve been watching this one and it could go either way though, those buy signals and entry points are interesting but you can see the sentiment waxed pretty quickly then has started to plateau out.. the macd divergence from the cross is weak but it’s there.. the closing spreads last couple of sessions confirms the pattern trend is weak and a downtrend pattern is close to forming.. the market seems to be waiting for something..

    However, any positive news will be a catalyst for a run and I agree this is likely at the bottom with the median closing price point over the last couple weeks being circa 3c mark..

    But news will need to come soon..



 
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