I agree to an extent, but a positive market announcement is...

  1. 365 Posts.
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    I agree to an extent, but a positive market announcement is likely to result in a short-term bounce, holders/traders will exit to lock-in profits or limit losses, causing the stock price to give back most/all of the gains within a week or two. This scenario has been playing out across the ASX for the majority of this year.

    The ideal situation is for CDA to form a constructive base, macro conditions to bottom and then broader market sentiment to start improving again, then increase the newsflow to sustain positive momentum.
 
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Last
$20.84
Change
0.140(0.68%)
Mkt cap ! $3.770B
Open High Low Value Volume
$20.68 $20.87 $20.51 $4.219M 203.4K

Buyers (Bids)

No. Vol. Price($)
25 785 $20.84
 

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Price($) Vol. No.
$20.85 124 9
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Last trade - 14.40pm 31/07/2025 (20 minute delay) ?
CDA (ASX) Chart
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