Right now it's anyone's guess.
The market has been so illiquid with low volatility, that the only signs are pointing are down.
Box Formation (but not a strong one as three supports and resistances have not touched).
However, there is a range bounded movement with lower highs and very little confirmation of upside.
It needs to break out of the downtrend before...
Cashbuild has broken out of the redistribution trading range (TR) and has attempted to rally back into the TR (See post below). The 26000 level has proven strong resistance with high volume rejection. After this strong selling, we can expect the markdown to continue.
After a decline, Cashbuild has undergone a redistribution trading range (TR). After some last points of supply (LPSY) we have seen negative divergence on the volume RSI and a break of the TR. This indicates the potential start of phase E of the redistribution.
