My interpretation of Cardno and it's short term future, CDDCardno has had a meaningful bull run since February when they realised financial earnings, and has since been trading in a channel pattern. The stock has had a lengthy pullback of about a month, however it has rebounded from the bottom support zone and looks likely to make a bull run towards resistance, the MACD crossover, steady RSI rise, and the increase in volume help confirm this. My original target price was $1.015 which it reached and pulled back fractionally as expected. My second target price is $1.06 which it will likely see resistance and pull back fractionally again. If the market continues strong for the next few weeks, it could see a price of up to $1.180, however it is likely the market will have a reasonable pullback by then, in which Cardno would likely replicate.
