While there are plenty of companies on the ASX I would consider shorting, this isn't one of them. Even with its big fall recently it has still held its lower trend line multiple times and until it breaks that line the way I would play this stock is to buy with a conditional stop below the trend line.
Of course though if it broke below its trend line then it would be a short with a conditional stop above the trend line.
That's how I read the chart and I can't really see any other way to trade this.
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 (20min delay)
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Last
$2.98 |
Change
-0.020(0.67%) |
Mkt cap ! $570.8M | |||
| Open | High | Low | Value | Volume |
| $2.98 | $3.00 | $2.95 | $309.2K | 103.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1309 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 1178 | 7 |
View Market Depth
| Last trade - 14.33pm 01/07/2025 (20 minute delay) ? |
| CCL (ASX) Chart |