governments and corporations. “They specialise in metal detection and communications equipment,” Michael said.
“Revenue is growing strongly, and the company has a proven track record in acquiring and integrating new businesses.
“The shares have been trending higher for the past two years, but they are trading in way that can give us another clear buying opportunity.
“CDA rallied hard in August/September before consolidating that move by trading sideways.
“We can now see that the range of the current consolidation is tightening up.
“This means it’s getting close to breaking out of this range and making a move higher or lower.
“CDA is therefore one to keep an eye on because it if pushes higher, then investors can treat that as a buy signal.
“We would be looking for a daily close above $16.15 for the buy signal,” Michael said.

Codan (CDA)

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