CBH 0.00% 7.0¢ coolabah metals limited

possible takeover, page-10

  1. 1,258 Posts.
    well i would stop listening to all this negativity and take a good look at the charts.....

    The Sp has been deliberately driven down, like many other resource stocks, in an effort to relinquish units from weak holders......


    The recent downturn is a shakeout......witness the price recovery after 5.3.....Who do you think was buying all those shares that panicky holders were so keen to get rid of...

    Having said that....if the sideways slide continues for a few more sessions expect a retest of 5.3 and be ready to buy.....A double bottom is very bullish...
 
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