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

CHN

Click for more information

3.56%

$1.60 chalice mining limited

CHN Charts, page-2

First 2 Last

Share
Profile

Follow
lanek

711 Posts.

124

19/11/20

08:39

Post #: 48977323
Share

Originally posted by Greynomad73: ↑

With a large spike in price and volume yesterday CHN broke above resistance at $3.54 and has suggested a target of $4.55. Price has been rising very strongly (perhaps too strongly to be maintained) however the stock has formed a valid uptrend line and as long as price stays above that, all should be well. As well as being in an uptrend CHN is making higher troughs and peaks on the weekly chart so is ticking all the buy signals. Elliott Wave is less clear. The recent retracement could be a Wave 4 but with the pullback lasting only 2 weeks it is a bit short and more likely a sub-wave 4 - which would make the target pehraps the end of Wave 3. If so a larger retracement could be expected before a final push to the high for this price cycle. Anyway - looks like a good short-term trade if price goes above yesterday's high (there was a late sell-off yesterday and before buying it would be good to see that reverse rather than continue.

Expand

All good,
Macquarie's revised price target on discovery/mine fundamentals has increased 52% to $5/sh.

CHN Price at posting: $3.75 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

There are more pages in this discussion • 45 more messages in this thread...

First 2 Last

Add CHN (ASX) to my watchlist

(20min delay)
Last $1.60		Change 0.055(3.56%)		Mkt cap ! $622.4M

Open	High	Low	Value	Volume
$1.57	$1.65	$1.56	$2.767M	1.719M

Buyers (Bids)

No.	Vol.	Price($)
1	2888	$1.60

Sellers (Offers)

Price($)	Vol.	No.
$1.61	1243	1

View Market Depth

No.	Vol.	Price($)
1	2888	1.600
2	21768	1.590
1	11768	1.585
4	37797	1.580
1	11768	1.575

Price($)	Vol.	No.
1.605	1243	1
1.610	1234	1
1.620	70143	3
1.625	15690	1
1.630	20259	3

Last trade - 16.10pm 07/10/2024 (20 minute delay)

CHN (ASX) Chart