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CIY has traded back down onto its ascending trend line and consolidated for 2 months (Bold). A break of the $4.56 resistance level would project a swing high of $6.00 - $7.00. A close below the ascending trendline would be considered very bearish for CIY but this is the less likely scenario, particularly as the ASX 200 appears to be completing its correction and preparing to continue its upward trend to our long term and 5th wave target of 6000.