I seen that gap at 0.21, possibly it may be filled, to me it's unlikely as that is almost a complete retracement from the leg up which started at 0.19, the fundamentals of the stock have not changed and the trend is up so I don't see that happening but anything in stocks is possible, also :
a. The correction is complete as per my previous post
b. We have protection from the 78.6 fib retracement
c. Previously resistance was 0.25(now support)
d. The CR was 0.25.
e. CXO on the 4hr chart is now heavily oversold on the RSI, the last time it was this low was Oct 2020.
All this to me means the probability is high that the momentum changes from here and the stock begins the next leg up.
,ASX should open green on Monday and hopefully we get a bounce
CXO - Chart Thread, page-288
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 11.5¢ | $2.271M | 18.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 2973036 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1235619 | 14 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |