CCU 0.00% 5.8¢ cobar consolidated resources limited

CCU chart is a bit of a worry at the moment. */ Falling triangle...

  1. 192 Posts.
    CCU chart is a bit of a worry at the moment.

    */ Falling triangle over the last 3 weeks seems to be breaking to the south.
    */ Golden cross of early September has been voided yesterday.
    */ Indicators are starting to turn bearish.

    60cps should provide some support. After that weak support at 58cps, stronger support around 54.5cps (which is also the target level of the recent falling triangle) and finally, there should be strong support at 50cps.

    Will be watching that 60cps support closely over the next couple of weeks.

 
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