I'm calling this, "Hammertime" for CXO. I don't ever recall seeing as many hammers in a row.
My amateur take is this marks the end of the selling, and buyers are in the ascendance. Should be a strong bullish reversal of trend from here, especially with the bollinger bands getting very tightly squeezed (usually a strong indication a breakout / change one way or other is imminent).
What do you think @qiktory @peejayhercules?
Good news coming in the next week or two?
CXO Chart, page-613
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 (20min delay)
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |