27-Nov-2023 : Keeping it Simple with Price Action & Technical Analysis.
The resilience of a stock is determined.. when the overall market tanks almost 1% as it happened today. In this down market, CU6 bucked the trend to close almost 4% up... and in the way.. almost completing the "Cup & Handle" pattern with probability of more upside and a fresh new uptrend in nascent stage.
When we go deep into the charts of CU6, we can see where that resilience comes from;
* CU6 floated in Aug'21 at an issue price of $ 1.26. It then went in a bear phase, that ended in Jul'2022
* Since Jul'22, the stock has been in a slow upward burn... as can be seen with the "GREEN" higher lows.
* The first leg of that upward journey seems to now have closed with the stock almost close to the issue price, and has completed a bullish Cup & Handle with the new upward move having started since start of Nov'2023. If this maintains its up move, the RED resistance zone would then become the new support.
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Last
$5.19 |
Change
0.000(0.00%) |
Mkt cap ! $1.616B |
Open | High | Low | Value | Volume |
$5.19 | $5.25 | $5.12 | $5.293M | 1.018M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 16308 | $5.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.20 | 3909 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 16308 | 5.170 |
1 | 10000 | 5.160 |
1 | 900 | 5.150 |
1 | 300 | 5.120 |
1 | 3000 | 5.110 |
Price($) | Vol. | No. |
---|---|---|
5.200 | 3909 | 1 |
5.230 | 3500 | 1 |
5.240 | 4000 | 1 |
5.290 | 5845 | 1 |
5.300 | 3640 | 2 |
Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
$5.20 |
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Change
0.000 ( 0.03 %) |
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Open | High | Low | Volume | ||
$5.16 | $5.25 | $5.14 | 126843 | ||
Last updated 15.59pm 11/06/2024 ? |
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CU6 (ASX) Chart |