Looks like it's time for MACD crossover attempt take 2... Another bullish divergence between the MACD Histogram & the MACD line has formed indicating a MACD crossover is due.
This time around the difference in depth of the MACD Histogram troughs is much more pronounced so hopefully it will be a better signal.
Should the crossover occur then the centerline is only a hair's-breadth away for the buy signal conformation.
The Bollinger Bands are a lot closer than last week too, & this is the first day in eight that the SP hasn't touched the down trend line, (breakout?).
The head and shoulders reversal is still on with the neckline resistance @ 19c now & the rough target is the blue horizontal neckline of the much bigger h & s reversal @ 25.5c.
IMO, DYOR Regards Chalea
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
