This followed through nicely from my post on 24 Dec and has since retraced. Looks like it might be due another run though:



dl.dropbox.com/u/20815047/CZAdaily24_03_13.gif

It's closed just outside the short term downtrend but the interesting features on this chart are the volume spike on the rejection of the 78 Fib, the short term bullish RSI divergence and the upside breakout from the inside bar on Wednesday.

The inside bar is a bit questionable due to the 0.5p range and the nature of penny shares, but coupled with the other signals may be worth a small long with a stop below 13.15p.

IMHO, DYOR etc

A director buy a few days ago persuaded me to dip my toe in with the sp being so low. Rising today.

I've been doing some charts for a friend and this was the one which stood out as bullish even though it's just made an all time low:



dl.dropbox.com/u/20815047/CZAdaily24_12_12.gif


Penny share obviously so be careful...