The chart looks stretched here a few indicators are flashing overbought and a good time to sell into strength.
Below is a 10 year monthly chart, interesting to note the RSI indicator hitting 80 again last time it happened was back in 2007 before the KFC. You see how far the candles are away from the moving average lines (red & blue) it will come back to tag them sooner or later. History is the best teacher and usually repeats.
id say its worth shorting to see if it comes back to $6.
The chart looks stretched here a few indicators are flashing...
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Last
$7.01 |
Change
0.110(1.59%) |
Mkt cap ! $4.844B | |||
| Open | High | Low | Value | Volume |
| $6.96 | $7.02 | $6.92 | $9.540M | 1.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4799 | $6.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 19229 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CGF (ASX) Chart |