CNB 6.58% 40.5¢ carnaby resources limited

CNB and why it is STILL undervalued!!, page-276

  1. 7,636 Posts.
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    Hi @CariKaya @Immetoday @FireflyOne
    This will not be popular but have had another look at the daily.
    Obviously the FA trumps the TA on this one but to me If I did not already hold this would not be a buy on the TA.
    Currently;
    Below the 200EMA
    34 below the 50
    8 below the 34
    On the positive side, the RSI just turned up and the MACD has been above the signal line since it was oversold at 21 19 Feb.
    If the news is disappointing I see support at 16 but lets hope we don't get there.
    Don't bite my head off guys still a believer and my average is 29 but just putting a chart out there for critique from the gun chartists.
    https://hotcopper.com.au/data/attachments/3034/3034352-bd9aca3d80c47722a7be532ce0bbdc61.jpg



 
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