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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Last
$4.46 |
Change
0.110(2.53%) |
Mkt cap ! $1.387B |
Open | High | Low | Value | Volume |
$4.35 | $4.51 | $4.30 | $13.57M | 3.085M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 872 | $4.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.46 | 15502 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 872 | 4.450 |
2 | 2150 | 4.440 |
1 | 4504 | 4.430 |
1 | 2000 | 4.410 |
6 | 5126 | 4.400 |
Price($) | Vol. | No. |
---|---|---|
4.460 | 15502 | 1 |
4.470 | 783 | 1 |
4.480 | 14379 | 3 |
4.490 | 336 | 1 |
4.510 | 138 | 1 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$4.46 |
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Change
0.110 ( 4.90 %) |
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Open | High | Low | Volume | ||
$4.41 | $4.51 | $4.30 | 143953 | ||
Last updated 15.59pm 27/05/2024 ? |
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CU6 (ASX) Chart |