RNF - After CDU had fallen from $4.90 to $4.30 I was asked if I was a Buyer - I said no I think its going lower - When it made the death cross on the 195day EMA at $3.98 I was told I should buy then as it was my last chance to get in under $4.
I said I thought it would go lower it has since fallen to $3.64 and has only bounced 10c to $3.74 from daily overbought signals- CDU is still clearly in a downtrend ( technically ) and could easily make a fresh low once the short term oversold signals are gone.
copper is also in a downtrend -
hOOt
CDU Price at posting:
$3.74 Sentiment: None Disclosure: Not Held