I'm certainly no chart expert but what I see is we are currently hitting support levels from 2012 so theory says it should bounce and look for overhead resistance, probably at 30c. Volume has been dropping off as price falls since the big bites at around 33c a little while back but no obvious sign yet that current downtrend is about to dramatically turn. Usually capitulation or high volume expected with trend change?? Should certainly bounce on 2012 support level but the lows there were 22c so that could be worst case. Doesnt help US markets seem to have shown they are about to drill down probably 30% imo.
How funny is it that they did a cr after consolidation though, I mean who would have thought
CDY Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
