The support line is at ~$2.50 so a dip to $2.61 wouldn’t break the trend, and there has already been a sell-off which is why the price has retraced. You participated in the thread(s) last month where I broke down the numbers and explained what was going to happen, and I was spot on, wasn’t I? This is all very much “on trend” and given that 75%+ of CAN is in the hands of significant, long-term institutional/sophisticated investors, it’s unlikely the support will break.
Also, I agree that long term prospects are good, but nothing in your comment is an indicator that CAN is now in an oversold position. Please avoid using technical terms as buzzwords, it could be misleading for retail investors who lack experience/expertise in doing their own analysis.
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.74M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.8¢ | $5.326K | 139.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 59929 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 68724 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 59929 | 0.038 |
5 | 783582 | 0.037 |
2 | 47501 | 0.036 |
5 | 4035800 | 0.035 |
4 | 72094 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 68724 | 2 |
0.040 | 14285 | 1 |
0.041 | 90000 | 1 |
0.042 | 310000 | 2 |
0.044 | 300000 | 1 |
Last trade - 15.27pm 10/09/2024 (20 minute delay) ? |
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CAN (ASX) Chart |