The start of the next wave of accumulation today?
https://www.investors.com/how-to-invest/investors-corner/base-on-base-stock-patterns-produce-gains/
A base on base structure was what I originally said might form
"The last base(below $2.50) was very short so maybe we now get some sort of base on base structure."
https://hotcopper.com.au/threads/cu6-asx-charts.7725098/page-3
Some of those selling days had me thinking I was going to be wrong on that but here we are, another very nice base set and just waiting for it to push out. I think the reason I stated is probably correct, that last base just wasn't long enough to force out weak holders after such a big run up, so there were still a few willing sellers happy to sell into the breakout.
Nice distance created now too between the current price and that upper trend line, I wonder if the next leg up(assuming it happens of course) can push through that and then trend up the other side?
CU6 - ASX Charts, page-235
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Last
$6.04 |
Change
-1.100(15.4%) |
Mkt cap ! $1.934B | |||
| Open | High | Low | Value | Volume |
| $7.10 | $7.10 | $5.92 | $13.25M | 2.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 621 | $6.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 1500 | 1 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |