OK don't bother, You have totally misinterpreted what I have said, and taken a view that is out of context. I assume this is because you are more of a short term trader and you are simply looking at the short term price action of the current chart, and can't comprehend how my analysis of the stock, indicates it has a lot of promise for investment.
A long term investor is not looking at just the current movement, they are looking at how the chart and price action acted out historically, and use that to try and establish what may happen in the future, also using current and future fundamental expectations. Obviously you have taken offence to what I have said because (1) you have been burnt during the falling price of the stock and or (2) you find it difficult to trade it at the present.
You need to look at what the chart tells you over the past 12month or so and try and correctly establish the four stages of a stock chart, sometimes it's not clear with some company charts, so I don't bother . Clarity on the other hand has demonstrated a perfect example of the 4 stages identified by Stan Weinstein, you posted one yourself, its self explanatory. However some investors would think the present chart is crap and going nowhere , I see it as entering stage 1 and from there basically bottoming out and moving sideways without much volatility, until eventually breaking out on volume and climbing through another stage 2.At the same time I would expect the 50ma to fall and bottom out near the share price movement.as it proceeds through stage 1.
Any of the above could happen in a few days to a few months, this would not suit your style I guess. I might add (if you are still following the bouncing ball) the stock could breakout to the upside at any time on good news like a quarterly or some other catalyst, or conversely to the downside, even before the 50ma falls much more, anything can happen in the stock market
The object is to find a good well run stock with very promising products or services that will be able to penetrate a lucrative market in the future. Then examine the chart to see how it behaves and find an acceptable entry and exit point, then hope it will behave as expected. I believe CU6 needs more time to consolidate itself, that's why my sentiment is not held at the present time Others may invest now, that is their choice I am putting across an opinion only.
Finally how about we wait and see what the chart actually does in the future
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CU6
clarity pharmaceuticals ltd
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5.44%
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$2.52

CU6 - ASX Charts, page-1533
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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. |
---|---|---|
$2.52 | 3500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 405 | 2.500 |
1 | 20000 | 2.480 |
4 | 41204 | 2.450 |
1 | 5000 | 2.410 |
5 | 3695 | 2.400 |
Price($) | Vol. | No. |
---|---|---|
2.520 | 3500 | 1 |
2.540 | 37102 | 3 |
2.550 | 30520 | 6 |
2.580 | 30000 | 2 |
2.590 | 10004 | 2 |
Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
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CU6 (ASX) Chart |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
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