CVT 0.00% 1.5¢ covata limited

Ann: Q4 FY2016 Conference Call - Transcript-CVT.AX, page-17

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  1. 259 Posts.
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    I'm not sure comparing CVT to 1PG is a fair comparison. Accumulation looks to be occurring on low volume with 0.18/0.19 being a very strong support level. Any fall below 0.17 would be extremely bad with that being the lowest ever SP in January 2015. Time will tell which way the trend will go from here but the longer the accumulation the more dramatic the outcome is likely to be either way. Given the current strong support level and previous accumulation at the end of 2014 / 2015 my expectation is a move upwards from here before the end of August. A weekly low above 0.20 followed by another one above 21 may signal a buy as the early stages of a run.
 
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