CVN 2.56% 19.0¢ carnarvon energy limited

The colour of money., page-25

  1. 19,172 Posts.
    lightbulb Created with Sketch. 1838
    My 2 charts actually look pretty grim.

    The daily shows that we have "rolled over" and that even though we could spike to 10.5, the next move could be dramatically lower at support of 8.5.

    The weekly chart is even worse.
    If the downtrend becomes confirmed, it could actually go to a technical bottom of 4.

    Naturally, that second scenario would have to be backed with some pretty significant negative news.

    On the positive side, markets always do the opposite to what you expect, so in a weird kind of way, I'm actually feeling pretty confident.

    I know, I know....Mrs Gottalove can't work me out either
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
-0.005(2.56%)
Mkt cap ! $339.9M
Open High Low Value Volume
20.0¢ 20.0¢ 19.0¢ $801.7K 4.134M

Buyers (Bids)

No. Vol. Price($)
19 1776385 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 114832 3
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.