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CLA chart, page-2053

  1. 637 Posts.
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    Chartwise, price is down to where I have major, stress major support.

    I haven't really payed much attention to the chart (invested for the fundamental outlook) since May when all look rosy.

    Given what I highlighted from the Metal Bulletin article (I do have respect for their views) :
    "The slowdown is expected to have led to pent-up demand so the recovery is expected to be swift, which is why we are forecasting a rebound in prices for the rest of the year."

    Given price is back to a major chart support region, I feel this is a good a place and time as any to initiate or add to a holding should one be so inclined, whilst trying to catch a falling knife (or wooky ) :

    CLA.GIF
 
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Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
CLA (ASX) Chart
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