Small Aussie company into supercapacitors

Issued statement on 23/10 bemused at share price fall

Stock has since droopped another 15%

Basically I'm guessing institutional seller that got in on ipo needs out no buyers ----- free money for the patient --- 3-6 months if you belive the management that is

As for the business I have no idea :-)

looking strong today on small volume but the recent retracement after the news is over

going places now, just short of 6p

10p short term target!

@ 5.80p ready to bounce after profit taking

the earlier couple of large sells are now well covered by the this afternoon buys, so type of a bounce is on the cards

The carry on of large spread 5.40 v 5.70p earlier was soon put to a test and a follow through of buy has turn the red start into a positive point now 5.75 v 5.90p

6.125p +0.40p

moving ahead Good times come again
all buys it seems, MMs must be short of stock by the way of the mark UP with every few buys

Charting

6.60 +0.40p
some large buying trades of 100K moving the price higher



Technical analysis trends

Short Term Mid-Term Long Term
Trend Bullish Bullish Bullish
Resistance 7,20 13,9 13,8
Spread/Res. 7,2% -44% -44%
Spread/Supp. 28% 218% 186%
Support 6,03 2,43 2,70

6.925p +0.75p
volume of 10.72M and going for Intraday BREAKOUT @ 7.475p

DELAYED BY 15 MINUTES

Got to 7.375p and not moving lower yet despite MMs tactics not long ago

BREAKOUT @ 7.55p

after two days of volume and rising a new BREAKOUT has emerged this morning

Sold some @ 7.68p

Intraday retracement

now at 7.725p is a 50% retracement

Saturday - daily mail news

" speculators chased CAP-XX up to 8.5p before the shares closed 0.50p better at 7.58p. Rumours were rife that a lucrative contract from a major international industry player, possibly Apple or Samsung , could be announced soon. In mid June , the company announced favourable industry feedback on its recently launched range of thinline super capacitors."

http://s6.postimg.org/60unscqap/cap_xx_2.jpg

after some profit taking at the start on reaching 7.30p a run of buys got the shares moving up again now well on the UP, but momentum it seems is running out

but momentum it seems is running out.............. and share price suffering from that down to 7.275p

Long term look
Golden cross - middle of June
Breakout - every 50 days

CPX 6.70p +0.05p

I posted earlier on another place but now is moving forward ..........

Time to get in again? 6.55p - Today 09:04

The retracement is close to be finished, so maybe now is time to get in again.
-----------
Today 09:18
It seems MMs let you buy stock when is at bottom of the curve, so far on the ticker there is more buys ( double looking at another place ) than sells but the price is down

7.275p +0.625p +9.40% now

It looks like it was time to perfection earlier on