Garth, I do agree the RSI is positive, but other indicators are not ( momentum, twiggs money flow, williams%,in lower half of BBs, 50dma is resistance and we are just below it unable to break the last 3 days). I like to see these in harmony to be more positive.
I agree the recent 15.5c was hugely under valuing the coy, and so this recent rise is not unexpected. The real thing that concerns me is rising prices on low volume. That usually only ends one way. Divergence can go on, but it always wins out. Yesterdays volume 4.6m, today 1.5m.
Ann: Phoenix progress report , page-11
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $80.01K | 402.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1576649 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 319098 | 7 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |