Been watching this for the longest time. Initiated long position today as it broke the neckline of $0.47.
Rationale:
1) Continuation inverse H/S - weekly scale
2) Resistance at 0.47 tested three times over a long time scale
3) Mini inverse head and shoulder on daily scale between Oct18 to Feb19; target for this was met in 22nd march 2019
4) High vol breakout
5) Large base - long term build up/accumulation
Target: Previous ATH @ 0.61; also height of inverse head and shoulders.
CVN Chart analysis, page-140
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $80.01K | 402.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1576649 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 319098 | 7 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |