RE: Something7 Feb 2024 17:31
Well I'm happy to have a little technical joust with you , Bron! ..as I think you come across as a really decent bloke.
Now, you got the technicals wrong on CDT when you thought it was in an uptrend. It broke the support and look where it is now.
Ciz, these technicals aren't so applicable because it's waiting on news.
But the support of 2.38 is sort of holding...next is 2.2p.
The Golden Cross that some people were waiting for did not follow the downtrend and subsequent level of stability, and had no volume increase , so was invalid.
Ciz does appear to be in a weak uptrend, but I say "weak" because it will be played around with by MMs depending how many shares they want to sell/buy.
PIs /technicals are not driving the price at the moment...
It's like a car going downhill in gear, the wheels are driving the engine, rather than the engine driving the wheels.
I don't really think technicals apply at the moment - only in a very limited way.