This is the only time CER has gone to 14c without a sudden surge that doesnt feel sustainable. We hit 14.5 the other day and consolidated for 3-4 sessions. THE slow stoch looks good to break it as well.
My prediction: We will break 14.5 and hit between 17c-18c then fall back to 14/14.5 as resistance become support.
Buffett, looks like you could be wrong this time thinking cer will go below 10c again. JP morgan target of 25c has a massive influence on the share price. In aus, unlike hong kong, most of the big movement is by instos and not individuals.
CER Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
