CXG made a top on 8/09/09 at 44 and closed on this day at 41. The top was made on high turnover. A second high was on 23/10/09 of 39. The stock made a low of 22 on 23/12/09 followed by high turnover the next day. 50% of 44 is 22 which was the low.CXG will not break the low of 22. It may test this low. The stock will meet resistance at the previous highs of 44 and 39.I will be looking for a high round about the 23/03/10, 3 months from the low.At the current price the stock is a good buy.In the difficult financial climate I feel that the directors have done a very good job. I have recently more than doubled my holding
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CXG Price at posting:
20.1¢ Sentiment: Buy Disclosure: Held
