I have posted numerous times on CTAG, an AIM listed tech stock with a large fan base and some interesting looking partnerships emerging. The share is well supported with high volume (which I believe is key to continued expansion) and has undergone several fund-raise exercises all the way up this rise.
Technically this has evolved in 2 phases so far with the first phase hitting it maximum extension ataround 15.5p before completing a 50% retrace to around 11, then a 2nd phase which I believe to be complete which ran from 11 to 24, retracing to 16 (trended support line) signaling that we are now entering a third expansion phase which I've set two targets for - initially a return to the prior high at 24p, and then a further extension to 32p.
Technically this has evolved in 2 phases so far with the first phase hitting it maximum extension ataround 15.5p before completing a 50% retrace to around 11, then a 2nd phase which I believe to be complete which ran from 11 to 24, retracing to 16 (trended support line) signaling that we are now entering a third expansion phase which I've set two targets for - initially a return to the prior high at 24p, and then a further extension to 32p.
