I'd say its1) capitulation; followed by (2) changing sentiment that follows copper fwd TA reversals.
* Chart: Tough to argue though that serious TA applies to a stock with this level of t/over.
* Magee's rule was at an average of at least 2% of SOI, CNB is nowhere near that.
Agree that recovery to 60c is likely within a month, and happen in fits and starts, hence the panic buying today.
Ann: Drilling Update - Mohawk Discovery Drill Holes, page-25
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Last
35.5¢ |
Change
-0.015(4.05%) |
Mkt cap ! $61.03M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 35.0¢ | $74.60K | 208.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 162453 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 474 | 1 |
View Market Depth
| Last trade - 15.55pm 07/11/2024 (20 minute delay) ? |
| CNB (ASX) Chart |