CDA 1.95% $11.00 codan limited

CDA - I think this uptrend may end for now

  1. 408 Posts.
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    The chart looks like CDA is about to either consolidate or correct.

    Reasons for my concern:
    1. Weekly low fell below a 9 week lowest low for the first time in this current trend.
    2. Bearish divergence in MACD and MACDH.
    3. Bearish divergence in RSI.
    4. Weekly close has crossed below center line of weekly Bollinger band.

    I would like to see price rally next week above last week's high of $2.12.

    CDA Initial Low 2017-03-31.png

    CDA MACD 2017-03-31.png
    CDA RSI 2017-03-31.png
    CDA Bollinger 2017-03-31.png
 
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Last
$11.00
Change
0.210(1.95%)
Mkt cap ! $1.994B
Open High Low Value Volume
$10.81 $11.02 $10.79 $1.635M 149.1K

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Last trade - 16.10pm 29/04/2024 (20 minute delay) ?
Last
$10.98
  Change
0.210 ( 1.79 %)
Open High Low Volume
$10.84 $11.02 $10.79 40421
Last updated 15.59pm 29/04/2024 ?
CDA (ASX) Chart
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