CVV 5.26% 18.0¢ caravel minerals limited

Caravel Copper Project - Bankable Feasibility Study, page-64

  1. 382 Posts.
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    Some charting indicators for CVV over the past few weeks.

    The Moving Average Convergence/Divergence indicator has crossed last week and continued on is downward trajectory again today.

    The Relative Strength Index has definitely been oversold over the last few days also.

    The Moving Average is still showing it's lagging.

    Not to mention the downward trend in accumulation over the last 7 trading days.

    Volume was quite high today, but not for the right reasons.

    And lastly the candle stick shows no gains for the bears today, and unfortunately if the selling continues there will be more of the same unless CVV have some good news to instill confidence in their share holders.

    If there isn't any positive news between now and the DFS, this could even go below 10c. First quarter of 2024 is a long time to wait. GLTAH

    https://hotcopper.com.au/data/attachments/5575/5575467-7d2f3ad9e23ec24a32b5e977d2228cda.jpg
 
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