CIX 0.00% 47.0¢ calliden group limited

barneythere's no clear trend here atm.the price is oscillating...

  1. 5,893 Posts.
    barney

    there's no clear trend here atm.

    the price is oscillating in a broad channel, roughly between 30 and 50c.

    withi that range there would be trading opportunities:

    at the moment the price is just above the long term 100 day moving average and this also coincides with the 50% fibonacci support. however there is some resistance at 42c. If the price were to break above that on strong volume then there could be a trade up to the next resistance level at 50c.

    the other possibility is a pullback to lower support levels at .365, in which case a bounce trade from there is an option.

    cheers
 
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