27-Nov-2023 : Keeping it Simple with Price Action & Technical Analysis.
The resilience of a stock is determined.. when the overall market tanks almost 1% as it happened today. In this down market, CU6 bucked the trend to close almost 4% up... and in the way.. almost completing the "Cup & Handle" pattern with probability of more upside and a fresh new uptrend in nascent stage.
When we go deep into the charts of CU6, we can see where that resilience comes from;
* CU6 floated in Aug'21 at an issue price of $ 1.26. It then went in a bear phase, that ended in Jul'2022
* Since Jul'22, the stock has been in a slow upward burn... as can be seen with the "GREEN" higher lows.
* The first leg of that upward journey seems to now have closed with the stock almost close to the issue price, and has completed a bullish Cup & Handle with the new upward move having started since start of Nov'2023. If this maintains its up move, the RED resistance zone would then become the new support.
- Forums
- ASX - By Stock
- CU6
- CU6 - ASX Charts
CU6 - ASX Charts
-
- There are more pages in this discussion • 993 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 CU6 (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.74 |
Change
0.020(0.23%) |
Mkt cap ! $2.762B |
Open | High | Low | Value | Volume |
$8.70 | $8.80 | $8.48 | $13.70M | 1.580M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $8.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.74 | 5916 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 8.650 |
1 | 2350 | 8.620 |
2 | 2460 | 8.550 |
2 | 23989 | 8.540 |
2 | 7317 | 8.520 |
Price($) | Vol. | No. |
---|---|---|
8.750 | 52080 | 3 |
8.780 | 2639 | 3 |
8.790 | 1000 | 1 |
8.800 | 27729 | 5 |
8.820 | 1000 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
CU6 (ASX) Chart |