CXG 2.27% 21.5¢ coote industrial ltd

charting

  1. 10 Posts.
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    Markie Mills I just wish the charts were upside down, in which case we may all be making a profit.The bars on the chart were moving side ways and broke the upside trend line which indicates a change in direction upwards. Instead the price spiked downwards through the lower trend line. If this a spike on the charts the price should be up on Monday.. This stock has been going down for some time and is due for a reversal. The low on Friday was 19 and closed at 21.50. The low was 7 points below the recent high of 26 and 7 cents above the low of 12 on 18/02/08. 19 could be the low for the year, but I could be wrong. However the stock is a good buy at this level. This is my last charting comment for the time being. Going into hibernation.
 
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Currently unlisted public company.

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