CXG 2.27% 21.5¢ coote industrial ltd

The charts are telling a very bullish storey. Buyers have taken...

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  1. 10 Posts.
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    The charts are telling a very bullish storey. Buyers have taken control. Over the past 4 days the market has closed at the top of the daily range.. The price has risen 3days in a row,also there is a gap in the bar charts which would indicate short covering or educated buying. The price went through the downward trend line like a dose of salts.. There has been a double bottom on the 2nd and 8th of Feb at 17.50. Good market rises eventuate from double bottoms. It looks like the market has turned. There will be corrections and resistance points on the way up.. At present prices the stock is an excellent bargain
 
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Currently unlisted public company.

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