I use the chart software off E Trade Pro...easy to copy and paste then drop file into HC. Comments re Chart. From the high in August 2008 of 42 cents it’s been a long and painful decline to a low of 10 cents in Jan 2012 That translates to a lot of punters being underwater in this stock and naturally losing faith with management. The resistance at 18 cents , previous support line was broken through recently with the next line of resistance At 24 cents/25 cents….lot of volume went through at this level and will be subject to the “ I just want my money back syndrome “ With this one patience is required – it’s not going to happen overnight. One could stay out of the trade until just before the August results at the risk of missing the uplift prior to that.
CIX Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
