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Good go hear Paul.
We are both bullish on CORA with our analysis's :D
It's in an uptrend from June 2019 as that was the ATL.
If you see a downtrend from sept 2019 I think your looking at it in a micro level.
As it stands its bottom of the trend line which I can understand you think is not trending higher. But look at it from a macro level its higher.
"BUT technical analysis is only really useful for highly-liquid, large cap, high-trade volume stocks, so I wouldn't place a lot of emphasis on it when it comes to minnow companies like CORA."
I do agree to some degree on your point. However I personally use a mixture of both. Technical analysis and Fundamentals. Such in the case with CORA.
-News due soon
-At major support levels which historically it has bounced from very hard.
So for me its great risk vs reward at this point.
DYOR of course but imo its a BUY
Basically It's in an uptrend and is now sitting at the bottom of the support level.
Previously when it got to this support line in April 2019 and March 2020 it then went on to bounce back up.
We are sitting on this support line again hence its acting as support. So it should bounce back up from here again.
If you are sat on the side-lines thinking to invest/trade this is a great point to buy. Or if you are an existing holder and wanted to top up this is also a good time to buy rather than waiting till the SP is higher.
Hope that makes sense
Courtesy of Bonker99
Ties up with my thoughts on a TA perspective
https://twitter.com/bonker_99/status/1503667353007144961?s=20&t=AKynLnlCdLFKEC6GjLH1tQ
I have been monitoring CORA for a while and waiting for it to come to this level.
Charts don't lie and along with good fundamentals CORA is a strong buy for me at this price point.
Have been adding from Monday and took another chunk yesterday.
Should see a retest of previous resistance which is the 10p mark as first stop.
Strong buy imo