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 chart, page-2053
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.85M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $14.77K | 1.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 7506993 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1897595 | 2 |
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| Last trade - 10.54am 10/10/2024 (20 minute delay) ? |
| CLA (ASX) Chart |