YLJ
Swing/Position Trader
CF broke out in July 21 from a long duration Inverse H&S. It has subsequently consolidated in an Ascending Triangle
(intrinsically bullish) pattern. I will be looking for a break on above average daily volume before entering.
The measured target for the Triangle is 0.595 and that of the H&S circa 0.635
NOTE: the company will be releasing FY22 Interim Results this Thursday (10/02/2022) & some would not like to
trade so close to news.
According to the November Earnings Guidance range of 5.8cps-6.2cps current PE ratio @0.49c is between 7.9 & 8.45
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