CASHBUILD LTDShort
$JSECSB - Cashbuild: Still Dipping, But Now Wedging
See link below for previous analysis
Little has changed from a fundamental perspective and the share price has continued to trend lower.
Price is now trending in a falling wedge pattern which can be viewed as bullish once price breaks out of the wedge, ideally on high volume.
What is key for the five wave advance from 7000 to 34599 to remain valid is for price to hold above 7000.
I will maintain a bearish stance until I see clear reversal signals.
Little has changed from a fundamental perspective and the share price has continued to trend lower.
Price is now trending in a falling wedge pattern which can be viewed as bullish once price breaks out of the wedge, ideally on high volume.
What is key for the five wave advance from 7000 to 34599 to remain valid is for price to hold above 7000.
I will maintain a bearish stance until I see clear reversal signals.
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