SqtradesWe have CER following a pattern since mid August, it has...

Sqtrades

We have CER following a pattern since mid August, it has stayed above it's support line regardless of the volume thrown at it or influence from the day traders.
( I am also guilty of trading CER)

Currently it has to break a downtrend, but i cant see this as being a problem as it has always stayed above it's support line, and CNP broke it's resistance line today, hence why i dont mind posting CER on a CNP thread as they tend to mirror each other and are still joined at the hip... CER will break the resistance line at around 18 - 18.5 cents , but it has a week to do it.

It will then find support at 18.5 , accumulate and then run to early 20c by Xmas time.
Sorry i cant ramp up and say 50c or something stupid but the chart just doesn't support that !!

I will post the chart. Dont complain about it on this :-((

DYOR . I don't know, but dont blame me. !!