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what has this got to do with research?

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petrez

275 Posts.

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03/02/22

11:17

Post #: 59324780
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Originally posted by Ftrain: ↑

Anyone's thoughts on the current CNQ charts?
I thought that it's really interesting how the current downtrend the SP is in, starting from ~78c mark is so similar what we saw back in August. After about month of decline we again get a hammer type candle once with a wick down to the mid 50c area and rally up. Spooky hey?
Now looking at the order book, there's a big order at 70c and got me wondering if there are some intentional attempts to cap the price perhaps?k

All in all, I think this at least shows how much support there is at the mid 50c price. I also wonder if it shows that there are some interested parties out there actively trying to accumulate CNQ at these prices? Looking at on-balance volume in this down trend, there is definitely more volume on the green days. But the low liquidity, especially over xmas meant it was pretty easy to drive the price down on no volume.

Globally markets are pretty iffy, but continued increasing revenue + other positive news that brings in the extra liquidity could really see it move. All IMO of course.

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what has this got to do with research?

CNQ Price at posting: 65.3¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 32.5¢		Change -0.045(12.2%)		Mkt cap ! $20.20M

Open	High	Low	Value	Volume
34.0¢	34.0¢	30.0¢	$28.51K	91.54K

Buyers (Bids)

No.	Vol.	Price($)
2	9456	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
34.0¢	146670	3

View Market Depth

No.	Vol.	Price($)
2	12329	0.305
3	111584	0.300
1	7500	0.295
1	3000	0.290
2	8650	0.280

Price($)	Vol.	No.
0.340	146670	3
0.345	5797	1
0.390	150	1
0.410	650	1
0.000	0	0

Last trade - 15.09pm 29/04/2024 (20 minute delay)

CNQ (ASX) Chart