If this down trend is a/,b/,c/.
b/ was 50% retrace of a/, suggesting that c/ will be rather deep
... and 1.62 of interval a/ to b/ would lead to c being $3.125
It can turn here (positively divergent and all that) but numerically $3.125 makes perfect EW sense.
Not that I have a position here ...this is just a calculation to see what happens next.
Shorts at 2% and well in the money.
Thursday shorts - maybe 10% of ASX/Cboe volumeCU6 CLARITY PHARMACEUTICALS LTD FPO 288,774 320,810,863 .09
Cash $110m ... hmmm why are the shorts still shorting?
Will watch for a resolution around here somewhere.
If this down trend is a/,b/,c/. b/ was 50% retrace of a/,...
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Last
$2.52 |
Change
0.130(5.44%) |
Mkt cap ! $810.1M | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.54 | $2.37 | $5.141M | 2.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6820 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 3500 | 1 |
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| Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
| CU6 (ASX) Chart |