Volume in the past few down days are around 7million daily. Now I personally think this is a great re-entry opportunity right now. The price is going down into the 16 million volume on the 29th of may. Also on the 12th of may there was 18 million daily volume (68cent high). So the price at the moment is going down into very high volume days. IMO a good time to slowly buy back in the 68-75 range. The weekly 10EMA and 30EMA are trending up too. CVN are still in the cash and still pumping the oil outta the ground.
Good luck.
re-entry opportunity?, page-41
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $696.5K | 4.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 841466 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1570125 | 13 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |