Cardinal Resources Inc fka CDNL

[lowtrade]

Seeing as I posting here now. Here's my TA & Charting evaluation.
Included are some trading "Rules of Thumb"

What is wanted ASAP is a reversal in the past 4 day retrace. Due to the FIBs Rule of Thumb.

The good signs are volume declining as price falls. Says trend weakening or volume would increase.

Also the support indicators being in conflict. It is showing accumulation taking place, thus saying bailing out is ending. For every sell there is a buyer. Conflict accumulation indicates a change in retail mindset. Less sell volume and still CMF buying pressure, when the other support indicator is calling to be out.

The bad is there is a gap below @ .0115 that needs fill. The gaps Rule of Thumb says 90% of common gaps fill. But usually the first in a run are left behind. So that .0115 gap IMO is a threat, but not the 2 below.

Take all my bullchit into account and I am guessing tomorrow should bounce. If not, it should bounce after the .0115 gap is filled. I'd like to NOT see FIBs 50%.