The yellow zone on the chart is where CPV been traded most of its history since listing (too wide a zone!).
So 24c or so seems quite deep in that support zone; and one may offer a reversal (as a side note CPV options are also 25c). CPV proposed commercialisation in Feb 2019 (so may be also a built up for that).
Watching intraday trade in the past few sessions, I think there was good interest at 24c price point (in particular off-screen buys). Of course, all within the limits of CPV low daily volume.
So I think we should see a reversal from there / or at least a decent trade. How big is the reversal is another question of course (say a 20% trade or a sustained change of trade?).
Of course we don't want CPV to go below support zone (in a meaningful way and not a spike).
All IMHO, and I could very well be wrong.
CPV Chart Thread, page-4372
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $104.6M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.5¢ | $49.64K | 116.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45560 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 1881 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CPV (ASX) Chart |