hi jimmy,
well from a charting point of view we have a bit of a hammer pattern (tail not quite long enough) and a bullish engulfing pattern. both highly bullish patterns
although the pullback needed to be a bit deeper to give an overwhelming buy signal - one where you bet the house. But it bounced off the 20 day moving average which suggests lots of traders in a big line at that point
going forward you may say that the 20 day SMA(or 21 day EMA) is going to form strong support, normal for stocks in a strong uptrend.
a well executed raid, page-17
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $201.4K | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 888369 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1476114 | 9 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |