AntMwah

CTAG - bulls back in control?

Long
LSE:CTAG   None
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0
Huge rise and retrace which I've documented a number of times previously.
The floor looks set with a triple bottom formation which gives us the familiar "W" set-up.
In terms of resistance the price is now operating just under the 50DMA and upper bound of trend resistance on the daily chart .

I think if this breaks then the Bulls are more than likely back in control and we will see a share price well into the 20's again.

Comments

Just seen a break of the RSI trendline now are you still bearish
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