CLA Chart, page-17

CLA Chart ... Telling FIBs or LIEs ... On the way down definitely perfect FIBs. Question now is what about the current little mini bounce from Huge GAP down low(Dec. '16 Double Bottom?). Too early to say but IF I were to want an entry position based on FIB trading(only), together with volume action, coming out of that 1.4c Low then it may be worth a punt ... especially if she gets above the 2.5c level again with (vol)conviction. However, it is always 'tricky' trading into a large GAP down(now 4.7c to 2.5c) but tight Trailing stops could be the Risk/Reward answer.

Just an opinion from a non-holder atm!

Daily FIB Chart ....



Close_Up 2_Hourly (potential)FIB Chart ...



Note the (record) buying dominated volumes at the 4th of March Low; indeed within the 1st 2 hours of trading on that day ... and then follow thru high vols the next day at higher prices. All goes well for a strong DEMAND base at, say, 1.8c(the close on that 1st up day) for our current tests.