CIX 0.00% 47.0¢ calliden group limited

chart, page-3

  1. 3,500 Posts.
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    I use the chart software off E Trade Pro...easy to copy and paste then drop file into HC. Comments re Chart.
    From the high in August 2008 of 42 cents it’s been a long and painful decline to a low of 10 cents in Jan 2012
    That translates to a lot of punters being underwater in this stock and naturally losing faith with management.
    The resistance at 18 cents , previous support line was broken through recently with the next line of resistance
    At 24 cents/25 cents….lot of volume went through at this level and will be subject to the “ I just want my money
    back syndrome “ With this one patience is required – it’s not going to happen overnight. One could stay
    out of the trade until just before the August results at the risk of missing the uplift prior to that.
 
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