AsimMirzaTrader

CGF - What is next?

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ASX:CGF   CHALLENGER LIMITED
CGF after making a high in early February, plummeted hard. After the bounce, price has gone up but the current swing looks very corrective. It could be in the process of making a bear flag and price could come down to the lower end of the parallel channel to give one more swing low and another buying opportunity. If price comes down, I would wait for bullish price confirmation at the lower end of the channel where my Buy Zone is at around $5.00. Lets see how it progresses.

Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.

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