Prior to my decision, CTC had trended beautifully higher (to $2) but now due to what's going on in the Chinese economy, all the china stocks started re-selling off again.
Once we can see some stabilization over there, I'd revisit CTC
The absolute stop/loss point for anyone invested, should have been at CTC's 50dma line ($1.68)
Thru that level, then you had the 200dma support @ $1.60
That was also breached, so now both those former support levels will now act as resistance.
$1.30 should act as the first level of substantial support, but without a catalyst for a reversal there, we could just trade sideways to down on low volume.
Recent CTC News
FEATURED POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • May 14, 2024 10:09 AM
FEATURED Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • May 14, 2024 7:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
