CCIV need a break.

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MA 50 and fibo level at $45. We will test this target.

RSI down to 40
MACD in downtrend

disclaimer: I have CCIV in my portfolio and I'm not a shorter, just following the trend.

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ملاحظة

we need to follow the TA due to no DA or LOI yet. CCIV is still an empty company, remember that. if we not get a DA on monday in next week, it will follow my chart.

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ملاحظة

valuation 12B at 10PER share would mean: 52$ a share with a marketcap of over 60,2 B .... and 15b at 10$ a share would be a marketcap. Of over 75B now. Just got 15B more expensive from friday to monday. Maybe this was the reason for the dump friday? Inside traders?

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