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.
I'd say its:(1) capitulation; followed by (2) changing sentiment...
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Last
44.0¢ |
Change
0.055(14.3%) |
Mkt cap ! $75.65M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 44.0¢ | 39.0¢ | $388.7K | 958.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14406 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 2985 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CNB (ASX) Chart |