Daily chart....
Lovely action today...right on cue
That offscreen buyer swooped in a few times and wiped complete lines off the depth..and I have no doubt that it was the same entity that capped it just before close. As mentioned they are managing this quite beautifully and don't want to release the reigns just quite yet. Obvious guess could be they have not yet had their fill and don't want to blow the top until the accumulation is complete.
The chart further corroborates the price action with the inverted head and shoulders formation nearing completion on the daily. Like with the traditional head and shoulders formation been a tell tale indication of distribution the opposite holds true on the the flip side (inverse H&S's) which is usually a good indication of accumulation been carried out.
I have a measured move from the neckline of circa +16.1cps...so that's a round abouts inverted H&S projection target of circa $0.51-$0.52.
Now please don't expect this to go up in a straight line...lol, but a big reversal is in motion.
We could hope that CVT will make a couple of market appraisals (announcements of deals/signings etc) during the March quarter which should further enable the market to re-price the stock. It's so de-risked now.
Looks like Moelis & Co's target could be in sight in the near future...
- Forums
- ASX - By Stock
- EXT
- Ann: Barmer GEK Germany Named as the Major Enterprise Customer
Ann: Barmer GEK Germany Named as the Major Enterprise Customer, page-25
-
- There are more pages in this discussion • 106 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EXT (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.69M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $43.33K | 3.855M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 109090 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 5184026 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 109090 | 0.011 |
8 | 10347896 | 0.010 |
10 | 8697366 | 0.009 |
5 | 2587500 | 0.008 |
7 | 1906577 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 4809026 | 8 |
0.013 | 4027200 | 5 |
0.014 | 1071428 | 2 |
0.015 | 1324179 | 2 |
0.016 | 1355004 | 3 |
Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
Featured News
EXT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online