As expected an easing off in trading today. For the day traders out there CNB could be quite lucrative. Not expecting over 900m volume traded today, probably more in the realm of 500k-700k. Wouldn’t then be surprised to see another easing of trading tomorrow as well. Hopefully there’s strong resistance at the 58-60c mark again. I think once we dip into that region, there’s a 50/50 chance we settle into that channel for a little whilst volatility settles, or on the converse, volatility continues to rise and we get the gap up to 80c. I’m leaning more so towards the gap as this short term cycle of volatility isn’t yet complete. But time will tell.
GLTAH, don’t sell out on the tree-shake and manipulation occurring here. Economic trends are still strong and CNB remains to be heavily discounted to both its true value, the most recent raise price and the value of the underlying commodity.
Ann: High Grade Discovery 4m @ 7.0% Cu - Exploration Update, page-334
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Last
54.0¢ |
Change
0.045(9.09%) |
Mkt cap ! $92.84M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 54.5¢ | 49.5¢ | $145.8K | 279.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 30026 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CNB (ASX) Chart |