Planet Wealth - Australian Stock Market Education » CTX Pull Back? http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Thu, 29 Jul 2010 10:04:24 +0000 en hourly 1 http://wordpress.org/?v=3.0 CTX Pull Back? http://planetwealthblog.com.au/ctx-pull-back/ http://planetwealthblog.com.au/ctx-pull-back/#comments Thu, 25 Jun 2009 14:20:32 +0000 Planet Wealth http://planetwealthblog.com.au/?p=678
CTX Pull Back?

CTX has been pushing higher since December 2008, but has been pushed back down by a significant resistance at around $13.00. Is this a healthy pull back or a sign of the bullish trend ending.

After a sharp run up CTX met a resistance level at around $13.00 in May and is now pulling back. With three valid trend and support lines meeting up at around $10.75 this is likely to hold the stock and see it reach at least the $13.00 level again. $10.75 is also a well know Fibonacci retracement  point of 38%, adding to the odds that this level could hold CTX up.

240609 ctxa CTX Pull Back?

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