G'day to all us lucky CTO? holders. ( sarcasm intended )The 16c...

G'day to all us lucky CTO? holders. ( sarcasm intended )
The 16c support has been very strong but I am sure that it is just waiting for the quarterly report in a few days.
IMHO it will need to be good as the down trend line on the chart is at he apex of the flat triangle and I would normally expect such a pattern to break in the direction of that downtrend.
If the news is not good then make sure you have your skid-lid firmly strapped to your head as the sky will be falling all around.
Next stop on the road to oblivion will be around 10c I reckon.
Well, it won't be long now.
Taking bets that the quarterly will be released after close of trade on the last possible day. Odds for this are 1-3 ( three to one on ).
Odds for another suspension for being late with the report are 7-2.
Step up and place your bets - they are with the starter and about to jump.

Regards

Lockitt

PS. HotCopper should have another choice under sentiment for " hopeless ", the others just don't seem to be suitable in CTO's case.