Here's a free chart...
And it's bullish
CHN has been very resilient and is consolidating awaiting for a reason to go higher...
The falling wedge pattern had a false break on the 3rd August on +ve news (marked on chart) but soon fell back in.
Falling wedge is a Bullish chart pattern however the target price is only slightly higher than the previous high.
But I'm sure that would not be of to much concern for holders.....
The concern is the break out is weak with no volume and looks to be coming back for a retest...
Falling wedge patterns by nature also bring into play at times IH&S which is also bullish id 1 of these form.
When I first alerted to a big fall at $7.08 it looked as if a large 1-2-3 down
And then a strong break to the downside of a Symmetrical triangle pattern played out. (shown on chart).
But CHN is very resilient and any weakness is brought into - GL.
CHN chart, page-354
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Last
96.0¢ |
Change
-0.025(2.54%) |
Mkt cap ! $373.4M | |||
| Open | High | Low | Value | Volume |
| 99.0¢ | 99.5¢ | 95.8¢ | $2.064M | 2.130M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14997 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 59702 | 2 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |