CGP
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6.78% 6.3¢ consegna group limited

re: share price almost doubled !!, page-15

  1. prowiz
    6,509 Posts.
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    22/10/13
    11:35
    Post #: 12469665
    re: share price almost doubled !! imo this is about as deep as a re-tracement as you could expect, 7.1c down to 6.4c. 10 % or so.

    The 15min chart looks like it could be forming a bull flag. The move from 7c to 6.5c has also been on declining volume which means only the small time holders have been selling. The buyers will storm back in the afternoon if this is all the sellers are capable of.

    dyor
    CGP Price at posting: 6.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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