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CAZA weekly 30/05/13

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The best view of this is on the weekly chart as it's been largely sideways for so long. Here we can see that the move up on Monday broke the main downtrend and there appears to have been a backtest of that trendline break yesterday which has so far held.

May be worth going long with a stop below yesterday's low of 12.3p. There's also the previous high of 13p which, if it holds, could act as support. If it goes below that 12.3p then it's probably a false breakout hence the need for a stop loss just below there.

Shares like this are very risky as they're so volatile so they need to be treated with extreme caution.
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Guest Thursday, 11 August 2022