CG1 2.50% 7.8¢ carbonxt group limited

CG1 Chart

  1. YLJ
    819 Posts.
    lightbulb Created with Sketch. 870
    Did not see a dedicated chart thread on CG1, so wheather or not it survives, here goes...

    https://hotcopper.com.au/data/attachments/3770/3770165-8c8ea0601bdf86838c5de517fb1478dd.jpg
    CG1 breaking out from an 81-week Rectangle Bottom coinciding with a new 52-week high.
    Volume has been a bit erratic and the pattern is not the cleanest of Rectangles out there.
    However, the coinciding smaller Ascending Triangle visible on the daily chart together with
    Friday's wide-bodied high-volume bar has enticed me to take an entry today.
    Measured target for the Rectangle is circa 0.45, & 0.345 for the Ascending Triangle,
    though I will keep my full position aimed at the higher target.
    I am long with a stop at 0.245.
    GLTA
    Last edited by YLJ: 08/11/21
 
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