I for one am a fundamental investor first. That's how I find targets. but timing or past action is what I use charts for. (for me it has meant the diference of circa 70% in last 6 weeks alone from AKK to more CTPO)
support/ resistance levels are very important for timing. As is a previous high. Round numbers.
If we don't stop at 20c for bit, I'll be damned, and if we don't breakout of 20c then confirm, I'll be double damned.
Formations like we have now are seen often, a big rounding cup. handle, then breakout. You can learn from the past to get an advantage.
Just ask the AKK team who are now scratching their heads from 3.2 to 2.1c soon after going from 2 to 3.2 (2c being old support)
CTP Price at posting:
82.5¢ Sentiment: ST Buy Disclosure: Held
