Hi Valvesound,
I always like to note any divergence (red lines and circles where price is making higher highs but indicators are rending lower) when entering or exiting a stock; for me this shows that price momentum is waning and a pull back could happen.
CDX is divergent on both the 15m and 1hr chart.
Todays price action is playing out with a pullback from he highs and could be supported at .046, but I would be looking for a technical pullback to just under 0.045 (weekly pivot/red bar), which I play as a natural support level. If I touches here and then rebounds I would be happy, otherwise wih no news flow I think this retraces to he low 4's and consolidates
DISC: I do not trade stocks in general and am more a fundamental guy myself - so this is just musing and adding to the TA thread - so disregard as all see fit.
Cheers
Charlie
- Forums
- ASX - By Stock
- CDX
- TA Charting Thread
TA Charting Thread, page-4
-
- There are more pages in this discussion • 533 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 CDX (ASX) to my watchlist
|
|||||
Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.65M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43455 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 33080 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43455 | 0.054 |
2 | 22650 | 0.053 |
2 | 196502 | 0.052 |
2 | 105000 | 0.051 |
3 | 137000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 33080 | 1 |
0.062 | 83300 | 1 |
0.063 | 130000 | 1 |
0.064 | 130000 | 1 |
0.066 | 20933 | 1 |
Last trade - 16.12pm 04/09/2024 (20 minute delay) ? |
Featured News
CDX (ASX) Chart |
Day chart unavailable