I've had a very close look at the chart on on the 8th of Oct CUS touched $1.70 on an intraday low, then revisted $1.70 on the 14th of Oct. I would have liked it to retest $1.70 again with some volume i.e Arms wash out box when the last sellers are taken out. However it has bounced of $1.70 and it's into the low $1.90's....low volume is a concern though. However tentative signs have emerged that $1.70 is the bottom and it's now unlikley to be going to $1.55/$1.60. Was not enough signals for me to risk a trade but it may turn back and bounce of $1.70....and I'd be in. If the uptrend continues the next buy signal would be if it broke through $2.07 i.e $2.15. the $2.07 resitance would then become support. All this without the buy back is positive as it give's a true indication of where the share price is at.
CUS Price at posting:
$1.93 Sentiment: None Disclosure: Not Held
