crashman111

$CDA priming for a move on good volume $CDA.ax

Long
crashman111 Updated   
ASX:CDA   CODAN LIMITED
6
TA: Broke trend line (yellow) on Solid volume (Pocket pivot)
MACD above 0
Stochastic crossed up
Price above 50 and 200MA
Bounced off pitchfork with a hammer candlestick.
FA: Company is in the defence sector with radio communication, metal/mine detection and gold detection industries.
Defence sector may be bullish with global geopolitical tensions.
Trade active:
New higher high from last peak.. closed at $2.29
MACD above 0 now crossing up
Trade closed manually:
Big price attack breaching 15MA..
Volume supports the move down.
MACD and STOCH crossing down.
TIme to bail for now and wait for chart recovery.

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