This chart is as bearish as they get. Only some form of amazing news, something genuinely substantial, not just another load of hot air nonsense, could prevent the otherwise inevitable fall through 10c. It's probably going to happen this week, if not this month.
Nothing on this chart indicates a bounce or breakout to the upside.
Looking at the long term trend, the price is declining at a rate of more than 1c per month (I encourage everyone to not take my word for it and look at the chart to confirm this for yourself). 11c was repeatedly being tested since the 27th of July and just in the last two trading sessions 10.5c has been touched.
This is one of those charts so clear that even if you literally asked a seven year old kid what they thought would happen next they'd say it would probably continue in the same direction. It's interesting that when you zoom out and look at the multi year chart, you see that even last year's rally was just the chart coming back to the dominant trend which has shaped the entire company's history. Seriously, if you're a holder, you owe it to yourself to take a few seconds to look at the chart showing the entire history of the company. It literally tells a very clear story and literally takes less than one minute.
Here, just take a look at the chart here:
https://www.tradingview.com/chart/AKvvGjKd/?symbol=ASX:cph
