We may see a technical rebound for CMT as its price today settled at 2.41/sh which sits on the 23.6% Fibonacci Retracement level. We also notice that it has a LONG LEGGED DOJI candlestick today which suggests that traders are now
Long Legged Doji shows that there is a great deal of confusion and indecision in the market. This particular pattern shows that the prices moved well above and below the day’s opening level, however they finally closed virtually at the same level with the opening price.
MACQUARIE top buyer today but sold half of the volume. Caveat!