I'm far from a chart expert, but noticed the following in the CGT chart.
A classic 'falling wedge' has formed, a bullish pattern.
The MACD is looking to cross the signal line.
Only negative I can see is the gap caused by the announcement the other morning.
Was thinking we might see mid to low 3s the way we were headed, but this is seeming less and less likely.
A quick shoot down to fill the gap at .039 and then reversal higher again would be hugely bullish in my opinion and form the base for a breakout of the falling wedge with a quick run to 5c as per snowyjim's suggestion.
I wouldn't count on the gap filling though, may just run regardless.
CGT Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
