Good Morning,
I hope you are well rested and ready to trade, as CDIF could be one wild
trade with endless possibilities.
CDIF is no stranger to us, as we highlighted it in the past with great success.
Two things about CDIF have really caught my eye:
- Amazing news of LOI's and completion of acquisitions in recent weeks.
- Support bottom bounce chart formation.
But don't be fooled by CDIF's trading in the triple zero range for now,
it has a history of making fast break outs and traders have a love for
plays like these.
Looking at the chart, CDIF has run up over 80pct multiple times in the
lats few months from the levels which its currently trading at.
RSI - Near oversold, presenting a good oportunity IMO
Price - Right at support levels and previous launch pad prices.
MACD - Trending under zero line, bullish indication
Acc/Dist - Hit rock bottom yesterday, a very bullish indication
For CDIF .0008 has been a spring board in the past, currently
trending right at this range, the key point is to break out over the .0011
resistance level of the top bollinger band and 50ma which have
been the Achilles heel for the past three months.
Once the .0011 resistance is tackled, next stop is 100pct away from
current prices, then almost 200pct... CDIF could go parabolic at this
point. IMO
What would be the catalyst to create such a break out?
Take a look at the accomplishments CDIF has made over the past
two months with completion of LOI's and acquisitions which tell me
that something could be brewing.
Still not convinced?
Read my full report on CDIF and hope that entry under .001 is still possible.
Sincerely,
007