A two month basin pattern??That is poor TA I am sorry to say.Not...

A two month basin pattern??
That is poor TA I am sorry to say.
Not saying it wont have a rally in it(which way??)but the longer the base the better the foundation, two months is nothing in the scheme of things.

CVI had a 5 month base Oct to Feb holding above .01c.
CVI had a 3 month base Mar to May holding above .007c -.008c
CVI has a 2.5 month base currently holding above .004c -.005c

You get the picture its called a down trend.
With the current state of play even the most fool hardy trader would not look twice at it,....waaaay to risky!!

Cheers