Croda Intl Unsp/adr is up a bit on the day, funds flowing in kept the price up 1.80% since yesterday. It looks like COIHY may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line COIHY is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. COIHY hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to break through or not. It looks like COIHY may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. COIHY hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to break through or not.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $18.3275 level, hard to say where it will go from there though.
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