I see up trends rather than downtrends. If you draw a line across the highs in Oct to the highs in Jan 2012, the line is trending upwards. It is a recovery trend line.
The stock has fallen from 26c and if you draw a line from that point you get a downtrend.
The skill is to determine if the recovery line is a genuine reversal of the down trend. The answer is found not in chart reading but in fundamentals. If the exploration continues to yield good results, the the SP will recover and the recovery line continues to extend.
ctp down trending channel, page-3
Add CTP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.8¢ |
Change
-0.001(1.45%) |
Mkt cap ! $50.33M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.9¢ | 6.5¢ | $12.39K | 189.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9000 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 99826 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
|
|||||
|
Last
6.5¢ |
Change
-0.001 ( 7.14 %) |
||||
| Open | High | Low | Volume | ||
| 6.3¢ | 6.9¢ | 6.3¢ | 24052 | ||
| Last updated 14.52pm 30/05/2024 ? | |||||
| CTP (ASX) Chart |