Here's another intriguing setup: $CFX has recently bottomed out and is currently hovering around a support level (as indicated in the chart). The volume is gradually increasing, and we anticipate a bounce at the support level in a higher time frame. Once it breaks out of the marked trend line, we can expect some action, and the price may easily test the $0.20 region.
Once it tests the $0.20 region, we need to observe if it can sustain itself at this level over a longer time frame. If it does, we can set our sights on the higher $0.21-$0.24 range.
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