Not sure if this has been pointed out already or not but just thought I would share my observations.
Currently the CXO chart looks like it has been playing out a cup and handle formation with the dip from our first peak dropping from approximately 42c to a low of 17.5 (a drop of 24.5c)
This would leave me to believe that our next run once we take off could take us to at least 66.5c, equal the depth we fell after the first peak which often occurs when a cup and handle plays out.
Here's what a typical cup and handle looks like once it's played out:
As always DYOR and this is only my opinion. Happy to hear conflicting views!
CXO - Chart Thread, page-669
-
- There are more pages in this discussion • 8,236 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |