As Fib prediction. Hit 22/22.5 = 61.8%. If cant beat 23, a down trend maybe start soon. 25/26 is next level but TOO dangerous because CFU cant make any profit overnight. Some one bought too many at 15/17 are trying to pump up with good profit and go before end of June.
DOW/XAO starts falling, June selling pressure. I cant see why sp keep moving up. Look at DOW/XAO charts, ppl can see they have recovered to fast too soon while the world eco still weak, unemployment is HIGH. I think DOW/XAO will drop much further. When DOW/XAO continuously fall, no stock can keep stand up. From high 5050 (Sept 08) to low 3052 (Mach 09), XAO has reached 50% up to 4078, that it needs a good rest. It might test 3500 in second half.
I may be wrong but take care and good luck.
CFU Price at posting:
20.8¢ Sentiment: None Disclosure: Not Held
