The CNJ chart has a marubozu candle last Wednesday the 8th. There are gaps above and below.
Eden (EDE:asx) - also from the Solomons stable - had the same candle on 8th April. A cap raise did not follow. An announcement on the commercialization of EdenCrete in USA followed.
A marubozu candle is all about decisiveness while it's antipathy - the doji - is all about indecision.
Traders use the midpoint of this candle as support so that points to 3.8c.
I have a hunch that support won't be required. See unassociated sample chart below.
Ann: Trading Halt-CNJ.AX, page-19
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.201M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 8940266 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 35677664 | 35 |
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| Last trade - 09.47am 18/07/2024 (20 minute delay) ? |
| CNJ (ASX) Chart |
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