In my opinion CTP is still going strong. As long as it stays above the Oct 2 gap up of 22%, price 15.5c (please see note below) on roughly 60 million shares traded then I am happy with it. Today CTP saw a test of its 30EMA (which it closed above at 18.5) on about 6.5 million shares on a VWAP of 17.6c. On the bigger picture we may be seeing some profit taking on portfolio reduction exposure given current world markets etc.....NOTE: but again, respect of the 61.8%fib retracement around the 15-15.5c mark (if indeeed it retraces to test this level) will indicate strength.
Best Wishes GF
CTP Price at posting:
92.5¢ Sentiment: Hold Disclosure: Held
