Australia's largest stock trading and investment forum Australia's #1 stock forum

CNB

Click for more information

1.90%

53.5¢ carnaby resources limited

Charts & Broker Data, page-1990

First 1990 Last

Share
Profile

Follow
GoldPirate

10,724 Posts.

1437

16/11/23

10:58

Post #: 70934319
Share

Originally posted by Dragone64: ↑

Completely detached from any "results" or developments, I would say that the zone around 55 cents is important from a technical chart perspective. A break to the downside could - and not many people will like to hear this - pave the way towards 35-40 cents (there is a gap there). On the other hand, a "touch" of 55 cents and then a turn to the upside would be seen as positive (reversal formation - double bottom). A break of 72-75 cents to the upside would then free the SP and open the way towards 1.40 to 1.50 (there is also a gap there).

I currently think that an upward turn is more likely. At least if you look at the movements on the markets (copper price, interest rates etc.). In my view, there is some catching up to do - even among explorers (producers such as Glencore have risen sharply in recent days). Perhaps the belief in a "turnaround" is not yet there. But it will come. If the SP unexpectedly crumbles further, then in my view this could be an indication that "someone" wants to see the SP lower. We can then speculate about the reasons. DYOR

Expand

That is one horrible graph

CNB Price at posting: 61.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine staff strike as Paris Olympic coverage begins

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

There are more pages in this discussion • 32 more messages in this thread...

First 1990 Last

Add CNB (ASX) to my watchlist

(20min delay)
Last 53.5¢		Change 0.010(1.90%)		Mkt cap ! $91.98M

Open	High	Low	Value	Volume
52.5¢	53.5¢	52.0¢	$25.96K	49.77K

Buyers (Bids)

No.	Vol.	Price($)
1	25000	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
53.5¢	53112	3

View Market Depth

No.	Vol.	Price($)
1	25000	0.525
2	7083	0.520
1	1300	0.515
2	5500	0.510
2	4000	0.505

Price($)	Vol.	No.
0.535	53112	3
0.540	41668	3
0.545	5504	1
0.550	7907	2
0.555	600	1

Last trade - 10.23am 26/07/2024 (20 minute delay)

CNB (ASX) Chart