CI1 0.00% 11.0¢ credit intelligence ltd

Charting - CI1, page-466

  1. 497 Posts.
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    https://hotcopper.com.au/data/attachments/4927/4927246-c690e6d1c329140d77df488b47c87ad2.jpg
    Chart forming a nice rounded cup or saucer bottom pattern, a long term reversal pattern after a long period of down trend.
    Volume: There is an increase in volume into the shape of the rounding bottom, balanced during the middle, with raising volume towards the right side.
    Even looks better on the macro - weekly and monthly.
    MACD now rising above the zero baseline on the weekly.

    https://hotcopper.com.au/data/attachments/4927/4927286-810d9db645544dc6ab7b1f5023001f66.jpg
    Weekly chart has been taken back to inception, you can see it has been a sinking ship since the start of 2022 and now looking to retest the 52week highs at 26/28c level at the top of the cup.
    https://hotcopper.com.au/data/attachments/4927/4927305-7a179342dc17bde23bbf127379ce3c1b.jpg
    Monthly also looks good with a cross over of the MACD and 4 monthly green candles.
    Hard to go past these charts without feeling bullish about Ci1 other than the negative sentiment towards the CEO JW.


 
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