I see you are focused on TA, which is what I use for entry/exit. Having said that, my decision to buy in @ just over 5 in Oct was on fundamentals, not expecting the meltdown inducing announcement a few weeks later.
I have been thinking of going in again as I like the fundamentals, but as you said, this consolidation is long and building, and being influenced, like many stocks, by the macro situation in the US primarily.
Definitely on watch here for a breakout, which might need some good news. It could obviously slowly move up / down for the next few months with market sentiment if there's no news, making the decision to accumulate or not more difficult.
There other companies on my watchlist with similar attributes. An interesting 6 months to come.
CDA: General Discussion, page-4
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Last
$10.72 |
Change
-0.010(0.09%) |
Mkt cap ! $1.943B | |||
| Open | High | Low | Value | Volume |
| $10.73 | $10.85 | $10.66 | $1.718M | 160.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13701 | $10.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.73 | 591 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$10.71 |
Change
-0.010 ( 0.21 %) |
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| Open | High | Low | Volume | ||
| $10.75 | $10.85 | $10.66 | 25550 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| CDA (ASX) Chart |