CCM 27.3% 7.0¢ cadoux limited

FYI - charts/technical analysis, page-513

  1. 585 Posts.
    lightbulb Created with Sketch. 78
    Sitting on MA's here for minor support. then support good support at 71-71.5c, then 65.5c, then finally the base would be 61c IMO.

    Fundamentally, the selling is confusing and doesn't make sense. Would've thought that was a buy the news event. But I suppose that is what happens when the announcement remains vague. If @Accumul8 is right about the clarification of the "value-add" opportunities, that should come within the next few weeks, that announcement should help clarify that whole extension a little. But ambiguity = risk = lower SP.

    Remember, a lot of brokers were accumulating in the 80-85c range for a long time.

    https://hotcopper.com.au/data/attachments/3553/3553784-e2378f4ec17f1e71489c5aab703b5224.jpg

 
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