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
CVI Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held