CXG 2.27% 21.5¢ coote industrial ltd

Markie Mills I just wish the charts were upside down, in which...

  1. 23 Posts.
    lightbulb Created with Sketch. 6
    Markie Mills I just wish the charts were upside down, in which case we may all be making a profit.The bars on the chart were moving side ways and broke the upside trend line which indicates a change in direction upwards. Instead the price spiked downwards through the lower trend line. If this a spike on the charts the price should be up on Monday.. This stock has been going down for some time and is due for a reversal. The low on Friday was 19 and closed at 21.50. The low was 7 points below the recent high of 26 and 7 cents above the low of 12 on 18/02/08. 19 could be the low for the year, but I could be wrong. However the stock is a good buy at this level. This is my last charting comment for the time being. Going into hibernation.
 
watchlist Created with Sketch. Add CXG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.