After every death cross in CTM's recent memory it's been followed up by a golden cross. Stating the obvious....
The last major cross over was a death cross which is where we started to fall off the cliff at the start of 2023.
Logic tells you that a golden cross is coming next, that is, unless CTM falls into the abyss and never recovers...which I think is unlikely.
Chart is setting up well, as is the macro finally.
CHN is proving to be a reliable correlation if you go back to when they released their scoping study. It took a few days to digest just how far off the mark CHN was in their SS. So if you correlate CTM/CHN from around September 5 2023 (once the news had been digested) until now, its a pretty tight correlation. No chart for this correlation here though....
CTM Chart 2022, page-514
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Last
43.5¢ |
Change
-0.030(6.45%) |
Mkt cap ! $215.8M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 42.5¢ | $257.1K | 581.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99994 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
43.0¢ |
Change
-0.030 ( 8.35 %) |
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| Open | High | Low | Volume | ||
| 46.5¢ | 46.5¢ | 43.0¢ | 95176 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| CTM (ASX) Chart |