Technical Commentary A bullish bottom wedge has formed on Cudeco.
This signal indicates that the price may rise to the range of A$4.20/sh to A$4.60/sh. A Bottom Wedge is considered a bullish signal, marking a possible reversal of the current downtrend. The pattern is formed during a downtrend and shows two trendlines converging. The technical event occurs when the price breaks upward out of the Wedge formation and closes above the upper, falling trendline, thereby confirming the pattern.
-----------------------------------------------------------Key Technical Levels Value 52 Week High 4.33 Daily Fibonacci level 2.618 4 Daily Fibonacci level 1.618 3.9 Pivot Point 3rd Level Resistance 3.89 Daily Fibonacci level 1.382 3.88 61.8% Retracement from 52 Week Low 3.8 Pivot Point 2nd Level Resistance 3.79 Pivot Point 1st Level Resistance 3.74 Previous Trading Day High 3.74 20 Day High 3.74 Upper Bollinger Band 3.73 DeMark Resistance level 3.71 Pivot Point ( Classic method) 3.69 Previous Trading Day Close 3.68 50 % Retracement from 52 Week Low 3.64 Previous Trading Day Low 3.64 Pivot Point 1st Level Support 3.64 DeMark Support level 3.61 Daily Fibonacci level -.382 3.6 Pivot Point 2nd Level Support 3.59 Daily Fibonacci level -.618 3.58 Daily Fibonacci level -1.00 3.54 Pivot Point 3rd Level Support 3.49 38.2% Retracement from 52 Week Low 3.48 200 Day Moving Average 3.43 20 Day Moving Average 3.31 50 Day Moving Average 3.17 20 day low 3 52 Week Low 2.95 Lower Bollinger Band 2.89
CDU Price at posting:
$3.66 Sentiment: Hold Disclosure: Held