19-Mar-2024 : Keeping it Simple with Price Action & Technical Analysis..
@Fatporka This update is for your query.. Please note I do not own this stock and my analysis can have mistakes... so DYOR..
I will pick up my analysis last posted on 18-Jan-2024 and my subsequent update on 24-Feb-2024. Do check those posts as they have my analysis at that time in detail, and what I had forecasted in my opinion.
CBO - 18-Jan-2024
CBO - 24-Feb-2024
On a weekly chart, the price continued to show strength from that price of around 1.70, and has already gained almost 12% since then.
In doing so, price has also crossed that long term RESISTANCE-4 band with a good bullish candle.
To keep check from now, for that immediate resistance at the top of the last candle high at 1.930. If the price consilidates from here and makes the RES-4 as new support, then chances are good for it to cross that 1.930 and move higher.
Good luck..
19-Mar-2024 : Keeping it Simple with Price Action & Technical...
Add CBO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.79 |
Change
0.035(1.99%) |
Mkt cap ! $747.1M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.79 | $1.73 | $240.3K | 135.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 3000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CBO (ASX) Chart |