This is a textbook formation.
look at that rounded bottom ,its beautiful.
What i don't understand is why would you still be adding to shorts now unless the instos use them as a tool to accumulate.
Keep it it capped as they nibble on one side slowing and quietly while unloading their short positions on the other side.
When the breakout arrives then the real buying will begin.
End of next year they'll be eyeing a new raise for early 2026 and the last one was at $7+.
If they need more cash I'd expect it to be north of the last raise.
CHN chart, page-8107
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Last
$1.68 |
Change
0.055(3.38%) |
Mkt cap ! $661.3M |
Open | High | Low | Value | Volume |
$1.66 | $1.73 | $1.65 | $4.373M | 2.580M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 5504 | $1.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.69 | 6054 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 33352 | 1.670 |
10 | 15777 | 1.665 |
7 | 12150 | 1.660 |
7 | 53048 | 1.655 |
7 | 44772 | 1.650 |
Price($) | Vol. | No. |
---|---|---|
1.675 | 4684 | 4 |
1.680 | 47700 | 10 |
1.685 | 9784 | 6 |
1.690 | 57529 | 11 |
1.695 | 38652 | 7 |
Last trade - 13.05pm 17/10/2024 (20 minute delay) ? |
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