Even though charts are a record of where your stock has been, I know you guys don't believe in charts. However seeing that this is the charting thread I thought I update my personal CHN chart and see where IMCO your stock currently is at.
IMO CHN is following a very nice exponentially rising curve (pink) and the next level to be aimed for is the 361.8% Fibonacci level at about $5.265. The only negative concerns I have are, the slight negative diversion in the RSI! Also the generally high level of the indicators, but that's what you guys should be used to by now
I have indicated my personal wave count as I see it and where it might be heading. My only concern there is the light blue line across the price action, which in conjunction with the negative diversion in the RSI put a temporary stop to further SP rises. However break through that and the line from v down would be the next target, while keeping round number resistance at $5 in mind.
Here is the chart take it as you will ...
CHN Charts, page-7
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Last
$1.05 |
Change
0.015(1.45%) |
Mkt cap ! $408.4M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.08 | $1.02 | $1.989M | 1.887M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 50000 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 73767 | 1 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CHN (ASX) Chart |