Good Morning BigJeff and all CTIXers!....... I'
Post# of 72440
Good Morning BigJeff and all CTIXers!.......
I'm in Ft Lauderdale and ready to board the Ruby Princess for an eight day cruise. I thought I'd drop off a CTIX Daily Chart for you that have an interest in the technicals. As I mentioned over the last few weeks, keep your eyes on the various indicators. Friday saw the ones circled in blue showing the beginnings of another move up, imo. Compare the crossings to the previous moves of the stock. Also, please note the opposite crossing which I've circled in red. I know, it's mumbo jumbo, lol, but technicals do work.
Currently, as you can see, the share price has held and is riding the MA50. On Friday the stock regained the MA7, 10, 16 and 20. All a very strong indication that CTIX wants to go higher. The RSI has held close to its 50 line during the almost two month correction and consolidation. And finally, the upper and lower bollies have been the key for anyone that is swing trading a few shares. Note how the share price reacts to the cases when the candles are too far out the upper and lower bollies. News is going to put CTIX into the next move that should take it well above the 1.18 high of Sept. See you next Sunday and have a great week!