CTW : Missing out on the fun
April 7, 2011 Leave a comment
CTW is in dire straits from a technical perspective, and in need of a flush market maker to save it from more downside – to 9 it seems, and possibly as deep at 7.50-7.70. For the VST 9.80 is first support, then 9.50, 9.00, then 8.80
For a turn around it would need to rally straight to 11.30 to have any chance of a reversal, and indeed would need to break above 12.30 to convince us of a trend change.
Suffice to say not a top pick for now.