FYI is no stranger to large retracements. On Friday it dropped 44% from its weekly high, and has previously dropped a similar level back in January 2021, dropping 40% over the course of 3 weeks from 50c to 30c. This reflects the amount of fast money that comes in and out of this type of stock. At that time, the chart looked just as daunting as it does now. It only took a few weeks back then to regain those losses and I think we could be in for a similar reaction as the market digests this news and realises the value and upside potential of the new deal.
I've based the pitchfork off the January retracement for some idea of support/ resistance over the next few weeks. Key areas of support are around 50 and 44 and resistance at 60, 66 and 75.
- Forums
- ASX - By Stock
- CCM
- FYI - charts/technical analysis
FYI - charts/technical analysis, page-542
-
- There are more pages in this discussion • 21 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 CCM (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $22.25M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $984 | 16.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90267 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90267 | 0.053 |
3 | 590000 | 0.051 |
1 | 12026 | 0.050 |
1 | 10204 | 0.049 |
1 | 20000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 40000 | 1 |
0.063 | 40580 | 2 |
0.064 | 45000 | 1 |
0.065 | 397086 | 2 |
0.066 | 160000 | 1 |
Last trade - 10.02am 19/08/2024 (20 minute delay) ? |
Featured News
CCM (ASX) Chart |