Today's stats....
Folks, speaking TA, today was a very important day for CDDD. Today was a pivot day. As a new long (bought most shares at .77 last week), waiting for today carried a lot of anxiety, though I didn't want to express that here. Well, CDDD passed the test. The anxiety is all but over. Tomorrow should confirm that CDDD is definitely on the launch pad, and the rocket engines are starting to rumble.
Current bid = .93; Current ask = .95
Vol. shares traded at the ask price = 28,300
Vol. shares traded at the bid price = 38,800
On a very bloody Wall Street day, holders of CDDD are exhibiting unusual confidence that CDDD has definitely bottomed out, and is set to rise.
Major new buying is not needed for price to rise --- price will start rising even on low volume. However, the broader market will eventually see what CDDD is up to, and pile on, which will make price sail.
From a TA standpoint, tomorrow is a SCREAMING buy. CDDD is showing unusual resilience, and is primed for rebound.
The current significant movement or up-cycle, of which today's price increase appears to be the first day of, should play itself out entirely over the next seven or eight trading days. In other words, I fully expect the **rebound** to occur before the next two weeks pass. You will definitely know what CDDD is made of by this time next week.
As usual, stay very, very tuned!! |
