CVT SP Discussion, page-17

Updated CVT daily chart.
Things to note:
a) Huge price action today with highest volume since Aug 2017. Will be on ASX radar I feel.
b) Broken above the 200 day Moving average on high volume. Bullish price action.
c) Twiggs money flow indicator suggest that accumulation has been going on over the last few months.
Price drifted lower on small daily ranges, but money flow indicator was rising.
d) The next price zone to cross IMO, is between 6 to 9 cent level. This range  was defined by the last massive volume bar in Aug , 2017 . The 6 cent level could act as resistance for a while.
e) Highest close since October, 2017.

Not sure what the catalyst for today's price action was. Time will tell.

Cheers,