CGP 6.78% 6.3¢ consegna group limited

I agree asf, we do have a long way to go but are nearing a real...

  1. 1,679 Posts.
    lightbulb Created with Sketch. 35
    I agree asf, we do have a long way to go but are nearing a real inflection point in the companies new history. I got this from a guy who is clued up on charts and his summary gives me great heart.......

    Technically speaking what appeals about CGP is that the CGP stock price started its recent movement from 3.5 cents ( the price it relisted at post a reconstruction of capital) and traded as low as 1.5cents, declining in a what I see as a correctional swing pattern. In theory if the price then moves back through 2.6cents and closes above that 2.6cent price it is a breakout and should be confirmed in the Bollinger bands and the volume indicators etc… and then should test the previous resistance of 3.5cents.

    Today it closed above 2.6cents and increased in volume.



    CGP Chart

    Sorry I don't know how to post his charts :(

    Believe me it looks great



    ISN Chart


    Please DYOR

    Ant




 
watchlist Created with Sketch. Add CGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.