I have just started to take an interest in COL, simply because...

I have just started to take an interest in COL, simply because of the fact that they are RELATIVELY easy to map with SP behaviours.

It definitely trades in a range, from around $14- $19/20.

Did my first trade and made a tiny profit, but indicators showed a reversal, so clocked out to wait for a better direction.

A few points at present are around 15.38, which is a strong, longer term support, and has a shorter term fib confluence + trend support, BUT there is a really attractive long term ( 10+ year) double bottom @ 14.21.

This means that the current trend is possibly in some sort of transition phase ( my take anyway) of further downside, or a new shorter term pivot back upwards, but wth lower highs(?)..

Will await further direction in order to see what the bigger funds and the market in general wants to happen, and this so called government witch-hunt, might just provide a very profitable opportunity should the panic media get traction...
Need to watch the indices and US markets too, especially for unusual buying opportunities...