Actually that death cross is exactly what you would expect in a stage 4 chart or early stage 1. The whole curve of the chart over its initial breakout until now is a thing of beauty as would be described by Stan Weinstein, it fits his investing strategy perfectly, on a daily chart it is beginning to track sideways another indicator of early stage 1. As I also pointed out previously the 50 sma will fall further to catch up with the current price trend, and then move sideways flattening out then eventually it should move up and cross back above the 200 and form a golden cross. If it behaves correctly the share price will eventually move above the 50 sma then continue to step its way up respecting the 50 sma as a major support, at this point it will be in stage 2, which I admit is also a thing of beauty. The 50 sma has to be in a upward trend the first indicators of that trend should help in deciding when to enter. Traps are always present its not unusual to have rallys along the consolidation line, they soon drop back this is where a decent stop loss comes into play.
Some want to enter before it gets away on us therefore roughie is investing now and perhaps also later. Others will enter along the way trying to pre-empt the breakout day
I think it definitely will take more time as you have said for the 50 sma to fall and track along with the price action, since I don't have a crystal ball or trust the stock market as a whole who knows when the stock will break out again, it could take months. The fundamentals help to paint the whole picture, there are catalyst in the pipeline that will encourage insto's to start buying again and push the share price much higher, as they accumulate.
If this stock tracks as it has done previously most investors should be rewarded, we will see.
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CU6
clarity pharmaceuticals ltd
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5.44%
!
$2.52

CU6 - ASX Charts, page-1512
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Last
$2.52 |
Change
0.130(5.44%) |
Mkt cap ! $810.1M |
Open | High | Low | Value | Volume |
$2.39 | $2.54 | $2.37 | $5.141M | 2.072M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6820 | $2.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.52 | 3500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6820 | 2.500 |
1 | 6415 | 2.490 |
2 | 26415 | 2.480 |
2 | 7915 | 2.470 |
4 | 41204 | 2.450 |
Price($) | Vol. | No. |
---|---|---|
2.520 | 3500 | 1 |
2.530 | 1000 | 1 |
2.540 | 41066 | 4 |
2.550 | 30570 | 7 |
2.560 | 6415 | 1 |
Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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