Carillion:CLLN

This company has taken a battering over the past 7 months , and now looks like a possible buy if it breaks out past 20p. This is in a very tight range from 15p to 20p so a breakout above 20 would send this to 25p.
This company was massive and i suspect that its been over done a bit so may hold this for a long time with a small amount money that i dont mind losing.


from a far



close up




ps...testing my new charts showing on site...hosting the images on my testsite..seems to be working..

nice move today done exactly what i expected. Hopefully will try and fill that gap over the next few weeks.

www.dailymail.co.uk/money/markets/articl...-avoid-collapse.html

This is tempting, i have traded this a few times now, and you caught a nice rally here Remo....

clln - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...0C40/n3Ce+9wb4UdwS0=

Realistically this needs to break above the 50 day ema line feature to end the downtrend, because it has a history of failing at that level, no evidence to suggest this rally is any different imvho...

clln - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...kFJrVUaoYE+9RiR3PIE=

The close up shows the 50 day ema is currently at 26.25p.
given the extent of the downtrend here. I think a weekly close is needed above 26.25p before taking on the long side, otherwise it's too much a gamble imho....

atb, wdik, dyor,
trendfriend

yep, thats gotta be cleared for higher prices.

This is very high risk. Little equity value left if any at all. Could implode or float.