A 3 bill stock like CGF can be held down and made to look terribly bearish. That descending flag looked technically horrible late yesterday especially as volumes were ticking up over the day. Anyone looking at the chart would have bet a big fall was about to come though i was surprised to see not a lot of short action was happening .It took balls of steel to hold.
Now on a day like today it looks like a bullish signal as can't call it a short cover rally and a much delayed run back to the CR price and beyond is way overdue.
Ann: Challenger Share Purchase Plan opens, page-34
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Last
$6.48 |
Change
0.030(0.47%) |
Mkt cap ! $4.478B | |||
| Open | High | Low | Value | Volume |
| $6.54 | $6.58 | $6.44 | $23.49M | 3.624M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 562991 | $6.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.49 | 26646 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$6.51 |
Change
0.030 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $6.54 | $6.58 | $6.44 | 126254 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| CGF (ASX) Chart |