CDX 10.0% 13.5¢ cardiex limited

TA Charting Thread, page-295

  1. oke
    687 Posts.
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    To me the price action is sitting on the -23.6 Fib retrace & and the bottom of a diagonal channel. So on a convergence of supports at 5.5c...
    Also.. the FOMO will  kick in over  announcements due, then add a meagre market cap and the downside pressure is minimal.

    I think Taylor (?) will push the price around within a price channel to maximize its profits but not derail the positive chart. Triggering obvious stop losses was too tempting for them,, a feast.. Now they need to  prop the sp up to continue with channel surfing.

    oh well see what unfolds ,, think  path of least resistance is up .

 
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