Highest CTIX price ever! Highest CTIX closing
Post# of 72447
Highest CTIX price ever! Highest CTIX closing price ever!
Nice close near the tip!
Another Bull Pennant/Coil resolving in the direction of the underlying trend, which is up. First coil formed in 3 days and resolved the 4th, this one 4 days and resolved the 5th and 6th. Often they take longer.
Wave 3 just 2 cents short of my Wave 3 Target A. (I consider that close a hit)
Now we need a couple days closing above $1.50 to confirm that as having morphed from resistance to support. $1.36 is the new proximal support and should contain any weakness should $1.50 not hold.
We are now tied with the September rally for the most days with above average volume (50MA)
CTIX remains in a parabolic rally and the sharp red diaganol trend line remains intact without being touched for 7 trading days. In about 3 days it intersects Key Resistance at $1.50.
High volume, but not exceptional range, as naturally there is some profit taking at break-out battle lines and all-time highs.
Looking good CTIX
Very strong price action.
Houston, we have lift off!
(Click chart for full size)
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