Any technical concern would come from the possible formation of a head and shoulders pattern:
I am very much hoping for an announcement next week (earlier the better) to push the SP back north and blow away this possible pattern. Again, fundamentals are key for CNB, and you can't ignore them... However this doesn't mean technicals won't have short-term impacts.
Charts & Broker Data, page-1211
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Last
38.0¢ |
Change
-0.010(2.56%) |
Mkt cap ! $65.33M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 39.0¢ | 37.0¢ | $78.54K | 207.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27849 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 18743 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CNB (ASX) Chart |