You guys know I have shorted cvn, and suggested others to look at this alternitive to buying heads. But now the interesting thing for me and everyone is where is the bottom for cvn going to be, personally I think low 20 high teens is a distinct possibility. I am not scaremongering or trying to force it lower as the market is doing it by itself. But looking to catch the up wave as I think the ords could end up at between 3800 to 4200. So for a long term buy would support level of 16 to 17 cents be reached or will 24 cents hold. Long term cvn will be good as they here profitable when oil was in the US 50 dollar range, but with sentiment which is very powerful force it down to silly give aay prices?
where is the bottom
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Last
16.5¢ |
Change
0.010(6.45%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $201.4K | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 888369 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1476114 | 9 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |