Around low 6s looks pretty solid. I drew a line through 6.3c, but such predictions are not exact. Those holders who bought between 6-6.5c in Jan-Feb could start letting go in the high 5s to get ahead of each other. Likewise, those who bought <3c recently might decide to bail on 100% gain. So there's reasons to think 6c will be a challenge.
If the fundamentals turn out very positive, then these shenanigans won't matter so much, as the increasing value and derisking of the company will trump the chart history. Also depends on the copper price behaving itself.
Trading and charting, page-28
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $6.497M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $2.099K | 419.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 286708 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 4366712 | 10 |
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| Last trade - 12.56pm 16/07/2024 (20 minute delay) ? |
| CCZ (ASX) Chart |