Early seems to have embraced charting, good to see, it will only help your trading. But I can't make head or tails of your comparative chart so seems useless to me.
But 25 cents? Cmon, that was 4 or 5 years and a distant pipe dream given the macro commodity cleansing underway the moment. Most commodities down again on the week end in anticipation of upcoming Chinese GDP figures. Surely the fundamentalists here know what that signals?
A think a more realistic charting picture for the CSD investor or trader would be to take a look at the 2 year weekly chart. Clearly CSD is rangebound between 4 and 7 cents now, but an opportunity presents itself with that gap at 5.8 - 6.2 cents. Buying at 4 -4.5 cents and waiting for the gap to close (which they overwhemlingly do with low volume spec stocks like CSD) would be a nice 20-25% earner. Im hoping it occurs before Xmas so it can pay for Xmas day.
That play actually has some chance of occurring, unlike up ramped pipe dreams of 25 or 50 cents, or a $1. I'll check back before Xmas and see which happened first
CSD Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
