Going by that Analogy , we could be on the assumption that 26/8/19 @.023
Could be the Cycle Bottom
Let’s look at this at a different perspective
QBL closed at .037 prior to its re listing scenario
and a long suspension at that . Whether or not the company had gone through this ordeal of re compliance, it appeared based on Technicalities the SP was running out of GAS, so had a majority of MM stocks
So to put this in a clear perspective and without all the Mumbo Jumbo
QBL was also going to go into a correctional phase
Then Comes Officially CGB re lists Friday 23/8/19
Trading range of .028–.033
So we have a gap down from QBL .037 to all time low CGB @ .023
Assuming that’s the Anchor and the stock consolidates from here , then CGB on its next rally has that Gap to fill @ .033 - .037
And resistance 4.1 - 4.5
Wisdom in Hindsight and if QBL had not gone the avenue of re compliance
What SP fluctuations would they have had in that 13 months
Next few days will give me some foresight of what CGB are up too
- Forums
- ASX - By Stock
- CGB
- CGB - 1.9c to 7.2c - What will happen in the next 6 months.
CGB - 1.9c to 7.2c - What will happen in the next 6 months., page-12
-
- There are more pages in this discussion • 2,134 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CGB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online