By the look of things the trend channel we were watching has completed, and it appears that we mave be building out the high and low of a trading range to consolidate recent gains, yesterday we found support at the 50% Fib retracement, 12day Moving average etc.
However there now seems to be a bigger pattern at play a "62/38" were a short term 62% retracement from a breakout meets up with a longer term 38% retracemnt. only in this case its a "62/50"(still acceptable) @ 29.5c this price would also be at the 21day moving average support consistent with previous trending phases on this stock, as well as an intraday BB extreeme.
The good news in this phase is that investors can soak up the short term "scared money!!using BB extreems very easily
CDS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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