CR1 constellation resources limited

CR1 is in it's first official uptrend as of start of June with...

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    CR1 is in it's first official uptrend as of start of June with higher highs/higher lows. The EMA 50 crossed the 100 and the 200, then then EMA 100 crossed the 200. All of which can be described broadly as golden crosses, an incredibly bullish sign. All the EMAs are pointing upwards in the correct order.

    Strong support at 25 cents. Only resistance left is 34 cents then it is blue sky.

    The DMI ADX line indicates the short term trend (price drop from 34 cents down to 25 support) has come to an end (probably Croesus failtraders having told out completely). The DMI+ (the blue one) is increasing while the DMI- (the red one) is going down. This is bullish, particularly with the ADX line low and pointing up. Means to me this is on another run.

    MACD is showing a classic sign of returning to neutral territory before the next run. I like it, particularly the cross from neutral territory around the same time the price is nearly at all time highs. Another sign of a big run.

    Then OBV... One of my favourite indicators that nobody cares about or seems to grasp. Second only to vwap OBV in my view, but in any event you can see that someone has sold out and has come to the end of their holding... From here I think we can look at fundamentals and the wider state of this stock, the buyers are longer-term holders which will add to shortage of supply.

    This thing is coiled ready to go batshit crazy. Someone will want to get in and they won't have a choice - watch and learn folks!

    https://hotcopper.com.au/data/attachments/2265/2265478-cea80726aedbf7d8e40dcaf804a7bb08.jpg
 
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Last
12.0¢
Change
0.000(0.00%)
Mkt cap ! $7.564M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 12300 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 56750 1
View Market Depth
Last trade - 16.12pm 17/06/2025 (20 minute delay) ?
CR1 (ASX) Chart
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