I have a claculated bottom on this stock of $11.42 and it seems to have tested it and moved up.
This is a very strong stock but liquidity is always an issue and it hardly ever trades above 100k units so is likely to make large moves in price.
I would and do feel comfortable to hold this stock long term.
htere is a drop gap around the $32.50 mark but i am unsure as to just how long it will take to revert back to that level.
Long term holder should have this stock at a good price and as such should continue to hold.
I topped up during the $9 special and then sold out at $33 as the chart indicated a major fall.
I got back in at $23 because i missed the forming of the reversed HEAD AND SHOULDERS that appears to be completing and should take it back to close out the gap.
Regards
Stu
CPB Price at posting:
$12.47 Sentiment: Buy Disclosure: Held