As in a previous post, I am wondering where the share price is...

As in a previous post, I am wondering where the share price is headed at the moment.
I think I said that the chart was forming a flat bottom triangle that I would expect to soon break down.
I also said that there was a possibility of the SP going sideways in order to form the bottom of a cup and then UP to form the sides of the cup. (Very bullish)
I am starting to lean towards the cup theory as 16c seems to be holding, but this is CTO we are talking about so, still anything could happen.
My personal thoughts are that gold shares will be weak until the end of August but then bullish for an extended period. This would fit in with the forming of the bottom of the cup.
If we do get a bull market in gold in September, even underperformers like CTO will have their boat floating but maybe we would all be better off in a more seaworthy boat anyway!!
These are only the ravings of a dumb schmuck who does not even listen to his own advise, so take it with a grain of salt.

Kind regards

Lockitt