So far so good ... Having a look at the short_term action since...

So far so good ... Having a look at the short_term action since that "exhaustion" low(?); we've had a V-shaped like bottom put in place that still appears to be controlling the technical response. I have shown a Short_Term 2_Hourly Chart below with two Pitchforks ... one Bull(yellow) and one Bear(red)...both of which are of use atm. In conjunction I have also shown some Fibo ranges and extensions.

Pitchforks ... Note the Median Tyne(MT) of both Pitchforks; both are having a bearing on immediate price action. The GAP down open was right at the MT level of the yellow Bull and this week's high was right at the MT of the red Bear. Now we really need to re_claim ground above both for CDD to move higher. If we don't then I'm afraid the odds are for a revisit to the $2.50's(somewhere near the intersection of the two Pitchfork's lower tynes) before any sustainable potential support could come in. However, I still remain S/T confident. So far this week's weakness has been restricted/supported near the intersection of two lower intermediate tynes of both Pitchforks(~ $2.78) and whilst they hold it favour a return to at least test the MT's again.

FIBO's ... Note how the range used to construct the yellow Pitchfork has influenced location of 'controlling' swing points in CDD's price action. 1stly, the price high on this chart($3.74) was exactly 150%  x the range added to its low and, secondly, 100% extension of the range picked up the recent spike low(+1c). Our rally out of the low just failed to reach the 61.8% retrace from the $3.74H to $2.17L. This level coincides ~ with the MT of the yellow so again we need to clear this common level to indicate more strength should follow. However, we can get some (more) confidence this week's action in that the SP remains above and bounced from near/at the 38.2% retrace of both the high to low range and the V_shaped bottom move up ... so all still positive as far as I can see.



** ALL JUST ONE T.A.'ers OPINION ... NOTHING MORE!