Cimic Group's 3rd crack at breaking it's Downtrend.
Been Following this one for a while now. Monday (17thAug) Cimic will try to breakout of the downtrend it's been stuck in since mid 2019. From the chart we can see that it's had 2 unsuccessful attempts in Jan20 and Jun20.
The difference i spot here is the much lower Stotastic and MACD. These indicators have just turned to buy where previously in Jan & Jun they were reaching exhaustion.
The difference i spot here is the much lower Stotastic and MACD. These indicators have just turned to buy where previously in Jan & Jun they were reaching exhaustion.
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