Breaking the uptrend line was the first sign that it's going to need some time to consolidate and then breaking down to form a lower low was the second. The volume on that low was encouraging and I'm definitely still watching it closely to see what it does. I don't expect it to break down badly and really fall, just some weeks(or probably months) of consolidation before the next move higher. Too many opportunities around at the moment for me to have money sitting in a stock in a consolidation period - if that h&s does play out, I'll look to take a trade around the $1.65 - $1.70 area
Just speculating here but September is their next report so possibly somewhere in the lead up to then, maybe late July or early August will be the time for it's next move?
CLV Chart, page-79
Add CLV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
54.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $91.01M | |||
| Open | High | Low | Value | Volume |
| 54.5¢ | 55.0¢ | 53.5¢ | $40.57K | 75.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 98 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CLV (ASX) Chart |