hiya alpal. I hadn't really thought of C&H, you could be right. I agree about forming a base around 25-26. If you're right about c&h that base probably won't happen.
If I had a choice, I'd rather see the base formed so we have a solid support to leap from when catalysts occur. ATM people are nervous of the volatility we've been going through and selling at sniff of change which just motivates the instos to seek out liquidity which drives SP further down which brings the traders and shorters.
We've just had an 8% rise so I wouldn't be surprised if previous supports are retested next week. Actually a rejection of those levels would be fantastic, the weekly chart says 255 retest is likely. A long winded way to get to the point; I don't think this is c&h, we'll see next week.
C
RNU Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
