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Squishybrain
Apr 13, 2021 1:02 PM

Waiting for another breakout for CCP Long

CREDIT CORP GROUP LIMITEDASX

Description

In the low interest rate, post covid environment, ASX:CCP is enjoying the perfect environment to borrow cheap money to buy debt from major finance player.
Looking at the price action, it typically took time to consolidate within a 8-10% range for 2 months and would leverage the next catalyst to breakout. The next level of resistance is just above $34 and look at hitting pre-covid price of $37
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