CTP 3.64% 5.3¢ central petroleum limited

technical analysis?

  1. 561 Posts.
    Depth:
    The sell side is looking super thin at the moment,295 buyers for 20,402,391 units vs 99 sellers for 6,538,615 units. 0.16, 0.165, 0.17 each have about a mill on offer, and then it gets very weak. Only 500,000 bid at 0.155, but a mill at 0.15 and 0.145, with big support of 2.7m @ 0.14.

    Volume:
    Down today, 2.7m with average volume of 8.2m. Not sure what to make of this. One monster trade at the end of the day bringing us up to 16c? Any interpretations welcome.

    Chart:
    Any chartists care to have a go? On a brief glance it suggests resistance at 16c. Also resembles a VERY LOOSE cup & handle. Can't comment on stochastics etc as trial for incrediblecharts expired, and I'm pretty new to this. Would appreciate a skilled interpretation.

    Closing remarks:
    We all know CTP's has ridiculous potential fundamentally, and any news could blow the TA out of the water (I think news is expected next couple weeks), but for the purpose of further entry prices I would love to know whether 13c seems likely again.
    Thanks.
 
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Last
5.3¢
Change
-0.002(3.64%)
Mkt cap ! $39.49M
Open High Low Value Volume
5.5¢ 5.5¢ 5.3¢ $83.26K 1.516M

Buyers (Bids)

No. Vol. Price($)
2 234750 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.5¢ 340510 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
CTP (ASX) Chart
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