CVT DailyCVT closing in on 2009 low,
I've entered within the triangle, scaling in as a small early position (this is a multi year trade)
Currently broken lower as most triangles continue on, and there is a 5 wave structure lower and showing a fib cluster for a potential end of wave 5
Will buy again around the wave 5 cluster low if there are some bullish candles start showing up or clear divergence and a small candle...
CVT trade ideas
Comvita Monthly Buy ZoneBuying into Comvita
Monthly chart going back decades
Has multiple reasons to buy technically, and is selling far below book value, has low debt to equity and current ratio of 5.54 so assets far outweigh liabilities
Low dividend, but this is really a long term capital gains play say 5 years should be up to at least $5-$6