27-Nov-2023 : Keeping it Simple with Price Action & Technical Analysis.
The resilience of a stock is determined.. when the overall market tanks almost 1% as it happened today. In this down market, CU6 bucked the trend to close almost 4% up... and in the way.. almost completing the "Cup & Handle" pattern with probability of more upside and a fresh new uptrend in nascent stage.
When we go deep into the charts of CU6, we can see where that resilience comes from;
* CU6 floated in Aug'21 at an issue price of $ 1.26. It then went in a bear phase, that ended in Jul'2022
* Since Jul'22, the stock has been in a slow upward burn... as can be seen with the "GREEN" higher lows.
* The first leg of that upward journey seems to now have closed with the stock almost close to the issue price, and has completed a bullish Cup & Handle with the new upward move having started since start of Nov'2023. If this maintains its up move, the RED resistance zone would then become the new support.
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27-Nov-2023 : Keeping it Simple with Price Action & Technical...
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Last
$6.72 |
Change
-0.170(2.47%) |
Mkt cap ! $2.119B |
Open | High | Low | Value | Volume |
$6.95 | $7.25 | $6.68 | $28.33M | 4.127M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6509 | $6.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.78 | 6841 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 662 | 6.700 |
3 | 3790 | 6.690 |
1 | 297 | 6.680 |
1 | 150 | 6.660 |
1 | 267 | 6.650 |
Price($) | Vol. | No. |
---|---|---|
6.800 | 641 | 1 |
6.880 | 364 | 1 |
6.920 | 1000 | 1 |
7.000 | 20000 | 2 |
7.090 | 159 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
CU6 (ASX) Chart |
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