[isatrader]

A stock which I have been in and out of an am currently holding (one of my largest accumilate positions if I am honest). I wanted to point out something, I guess for some confirmation on whether what I am seeing could potentially play out.

The ticker is LON.CNR (Condor), and what I seem to see on the weekly chart is a long term bottom base forming. Its quite a big base, and im wondering if this base could be playing out during the current precious metals up trend, but the breakout of this base could potentially be after gold corrects itself and resumes its next leg up.

(apologies on the image, looks like my capture of the chart in ProRealTime has skewed it somewhat)

It looks fairly inline with the gold move so far. Gold bottomed first (see grey line on chart), but CNR.L has been playing catchup and moving fairly in sync since with it making a strong Stage 2 advance so far.

Monthly chart shows the bigger base you mention. But just shows it's moving into potential monthly Stage 2 imo.