Cambridge

Cambridge: the rebound off the $0.79 level suggests that the longer term uptrend is still intact. Watch for a break of the multiyear high of $0.86, which would provide an additional indication for the stock as a bullish breakout play. Nevertheless, the large intraday dip on 23 May on high volume, has introduced a distortion on the charts, and weakened the strength of the existing uptrend. If share price breaks back below the $0.79 support, traders may look to cut positions, in anticipation for continued downward momentum.