I understand where Conix was coming from as i bought in based on the chart patterns, CTP has one of the better charts that i've seen in this market as far as chart patterns go.
Between mid March and June it formed a pennant, the height of the pennant being 4 cents, then it broke out from 9 cents to 13 cents (same height as the pennant). Currently it has been forming an ascending triangle with gradually higher lows (currently the support being 10 and the resistance 13.If the current pattern holds it should break out to about 17.
However its only just holding this pattern, will get a better idea next week on where its going. Conix had the right idea, but my timeframe would be about 4-5 weeks.....if the pattern holds.
Apologies, i've been trying to upload my comsec chart to illustrate this with no luck, if anyone knows how to, please let me know.
Cheers.
I understand where Conix was coming from as i bought in based on...
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