Well nearly everyone knows its going to pull back, but obv no one knows whene exactly and how much and where to.
I think a better idea would be to use trailing stop loss here. Follow the resistance lines. Its no use saying hey, its increased xx%, it has to drop. Use fundamentals, market flow/conditions to determine when to sell/buy.
The truth is, last year june, the share price was 30-40c after they announced a dividend of 1.4c when the conditions were alot worse than they are now.
DYOR
CER Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
