CND condor energy limited

Charts are not terribly helpful with small specs, however...

  1. 5,288 Posts.
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    Charts are not terribly helpful with small specs, however typically on a longer timeframe it paints a picture. This is a very quick TA.

    This is approx 18 months worth of info, on a weekly timeframe:
    - Firstly is conforming nicely to a downward wedge, with various tests of the downward resistance over this timeframe.
    - Secondly - it appears to have double-bottomed out during Dec 2024; and also in March 2025. Subsequently it now appears to be forming higher lows, and conforming with early stage uptrend, first test was circa May 2025.
    - Almost looks rhythmic doesn't it? - that is no coincidence. It's algorithmic trading, typically instus.
    - I'd expect given we are now starting to pinch (lower highs, higher lows) - we're probably destined for a break to the upside circa late July-mid-Aug. (the yellow box).
    - Also note the stochs are in an uptrend.

    This is just a patience game. When volume comes into this, there is a good probability it will break to the upside. 70/30.


    https://hotcopper.com.au/data/attachments/7066/7066035-1aa0f4f2be8ce6745876a15e4ceda07e.jpg
 
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(20min delay)
Last
2.4¢
Change
0.000(0.00%)
Mkt cap ! $16.84M
Open High Low Value Volume
2.4¢ 2.4¢ 2.4¢ $2.341K 97.55K

Buyers (Bids)

No. Vol. Price($)
4 399499 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 832042 3
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Last trade - 13.01pm 16/06/2025 (20 minute delay) ?
CND (ASX) Chart
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