CGF has just broken out of a flag pattern which indicates that the price is likely to move higher reasonably quickly in the next few days, in a similar fashion prior to the recent consolidation over the past week or so. The stock also broke above the 200 day moving average indicating the stock in now in an uptrend over a longer time-frame with the worst most likely now behind CGF. The stock appears to now be a technical and fundamental recovery story.
Short term price target based on the flag pattern upside breakout is ~$9.00 which ties in with the closure of the gap (Jan19) which is likely to act as a resistance level.
CGF has just broken out of a flag pattern which indicates that...
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 (20min delay)
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Last
$6.78 |
Change
0.010(0.15%) |
Mkt cap ! $4.658B | |||
| Open | High | Low | Value | Volume |
| $6.80 | $6.80 | $6.71 | $3.050M | 451.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4236 | $6.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.78 | 2083 | 9 |
View Market Depth
| Last trade - 14.26pm 30/04/2024 (20 minute delay) ? |
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Last
$6.76 |
Change
0.010 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $6.79 | $6.79 | $6.72 | 116848 | ||
| Last updated 14.46pm 30/04/2024 ? | |||||
| CGF (ASX) Chart |