CFO 0.00% 1.9¢ cfoam limited

CFO TA Perspective, page-3

  1. 477 Posts.
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    @sdeakin that is for sure a probability. If we go further down we can only speculate as it is uncharted territory. Selling climax maybe?.... not sure what will trigger a sell climax with a spike down where a lot of buyers come to the table absorbing what is available, I speculate it is unlikely apart from getting serious negative news. Do a repeating range?.... previous down was from 36- 27.5 the current peak at 35 -8.5 cents move = 26.5 cents. If one could invert the chart we have a double top with relative little volume to push it further hence normally a change in trend. I think there is just a lack of buyer interest FA stacks up reasonably well I think I might be wrong. I guess the bottom all depends on how eager the seller/s is to get out and where willing buyers will pick it up. GLTA.
 
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