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CI1 General discussion, page-3887

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kipper57

7,080 Posts.

616

04/02/23

11:19

Post #: 66068777
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Originally posted by P0RTER: ↑

I dont know, I think the opposite, the price has moved from a recent low of 13 cents to a recent high of 22 cents, in order to do a push like that sellers had to be exhausted and when you look at the amount of sellers on the order side, its down to an all time low, the price wasnt able to hold above 20 cents for the moment, but I wouldnt be surprised if it finds support at 20 cents once again, I do think there wont be much action until after the financial report. The report could trigger a sell off, thats definitely on the cards at this stage.

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Problem remains any large holder has no way to escape apart from dropping into the buys that are so thin they would have to wipe to 10c to make an exit. This is why I have been harping on about the volume is super important whether you want to acknowledge or not.

CI1 Price at posting: 18.5¢ Sentiment: Sell Disclosure: Not Held
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