CUO copperco limited

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  1. tesla1904
    228 Posts.
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    20/12/07
    09:51
    Post #: 3178781
    CUO hit a low of 70.5 on 17 august when the subprime hit.

    The next low was 80.0 on 22 November. At present, daily MACD has turned down so is bearish. Weekly MACD is still also bearish.

    The current low on this down leg was 84.0 on 18 Decmember, this seemingly strongly rejected with the price closing at 88.0. Thats a good sign so far.

    The price needs to stay above 80.0 and both daily and weekly MACD need to cross the trigger line for a strong rally.

    Fundamentals are good, the unknown is the US.

    Just keep waiting...
    CUO Price at posting: 0.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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