Core Lithium Set For Recovery
Technicals | Oct 18 2022
This story features CORE LITHIUM LIMITED. For more info SHARE ANALYSIS: CXO
By Michael **le
Most market observers couldn't help but find the moves on share markets at the end of last week to be a bit comical.
We had the S&P500 Index rally on a poor CPI number, only to give it all back the next day. We commented last week that it was too early to know if there was a decent enough low in place where we could trade the bounce. Overnight, the US market managed to recover Friday's declines. If it continues to base here for a little longer, then it may lead to some good charting set-ups.
Until then, our advice is to remain patient for the better probability trades. Our analysis today is on Core Lithium ((CXO)).
https://www.fnarena.com/ckfinder/userfiles/files/2022/10/**cxo.jpg
In late July, CXO broke higher from a consolidation and rallied up to the old high. It tested that a couple of times before failing. In the past few weeks, however, it has found support at the old breakout zone.
Yesterday was a good move on some improved volume. This means that we have a buy signal here as it looks as though CXO is ready to recover. If it can get back towards $1.60, then it is likely to find strong resistance
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Last
9.4¢ |
Change
-0.004(4.08%) |
Mkt cap ! $200.8M |
Open | High | Low | Value | Volume |
9.6¢ | 9.8¢ | 9.3¢ | $1.861M | 19.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14648 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 311827 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14648 | 0.094 |
14 | 639759 | 0.093 |
14 | 680127 | 0.092 |
18 | 1149699 | 0.091 |
83 | 3556835 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 311827 | 1 |
0.096 | 638623 | 10 |
0.097 | 463443 | 4 |
0.098 | 589128 | 5 |
0.099 | 743600 | 6 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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