CMW Charting

Hello comrades! Happy 1st of December

Cheeky Charm here with you all,

I believe with how things are in the overall economy such as the S&P500 aswell as our own overall markets, GOLD, Uranium, Lithium etc etc (refer to this post) it warrants CMW to have it's own charting thread to help all market participants, be it traders OR investors, the ability to use other people's information and perspective to formulate our own risk management and add it as part of our due diligence.

CMW released after hours that by 18th December they will no longer be part of the ASX200 Indices. I don't want to be the bearer of bad news but this is not what holders needed and we must factor all new information at hand

Cheeky Charm Downgrades To SELL: Target Prices 40c Short Term (Lower If Dilutive Funding) GLTAHz


CMW's Market Cap is $3.46B
Top 20 Hold 76.08% or 1.99B shares majority all big banks & funds



They have been decreasing cash on hand year on year
They have been reducing/selling/divesting their assets year on year
They also appear to have a large amount of debt. Other numbers sourced from Yahoo although they seem to reflect similarly to the Annual Report





Shortsellers have increasingly been adding to their positions to all time highs on the 3 year chart so we are sure to see a move soon hence volatility is expected



And now lets actually talk charts with thoughts attached on the Daily 1) Appears to potentially triple top at 43.5c to 45c levels
2) September had a huge dump volume presumably T20 exiting as Sub Holder
3) Has Multi Day/Week sell downs upon meeting resistance levels
4) With recent prices rejecting off 43.5c and pulling to retest 40c trendlines, we may see this occur again
5) November once again brings the BIG volume at the resistance back in September (43.5c/45c levels) hence a need to warrant caution!



Hourly Chart correlates with the Daily Chart Levels showing big seller coming back right into double/triple top zones !

IF it can clear 45c then it has some more upside, although it is wishful thinking. Yet to be seen.