it is moving up nicely - Last immediate resistance was 2.22...

it is moving up nicely -

Last immediate resistance was 2.22 which in my view will now develop as lower support. This stock traded through the 2.50 price on the 21/01/03 when opened at 2.69 and closed at 2.45 (low of 2.41) - 2.50 seems to be a irrelevant technically.

Of more relevence perhaps is the price range 2.60 to 2.85 where resistance may be met. Last traded in this range around Dec'02/ Jan'03.

That said RSI today at a price of 2.35 = 80.38 which suggest bullish buying but the lowish volume and high RSI *may* indicate a price retracement. If so I expect 2.22 to form the new base.

The report due later this month, if confirming positive financial improvement statements made on the 29/10/2003, should see further support for CLH. And of course interest rates aren't gonna go down and credit debt isn't going to get easier to meet - positive economic conditions for this coy (regretfully).

It has moved nicely from 1.70 mid December 2003.