Dead cat bounce?
Despite C&C's rebound, it is still trading in the lower BB. This is bearish. If it doesn't rise to the upper BB, it may fall to support around 24.15. If it breaks down, there is a danger it may repeat the Jan- Mar performance and fall to around 22.55.
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Deep Sea : The half year earnings might not be good, as indonesian economy is not doing well and rupiah is weak against USD. That’s why insider could be selling.
Maniac Fool Deep Sea : And the family companies are collecting quietly….
Deep Sea Maniac Fool :