A strong mid week spike followed by a mostly steady decline against the set of some other much mentioned market peers. From a TA perspective SP closes out the week positioned just below centre of the upper and lower Bollinger Band with MACD maintaining position above the signal line in line break territory. When I further breakdown the Bollinger Band data as %B as a measure of EMA volatility recent spikes suggest to me however that CU6 is currently trading in overbought territory. Where does this leave CU6 ? When I look at EMA %B in conjunction with my price and volume meter I see indications that bearish behavior of the last few days is not yet complete.For those that invest or speculate or trade over an extended time frame though these thoughts and interpretation of indicators may differ.These are the thoughts though of a day trader whose entry and exits oscillate around a best fit linear line of reference independent of start and stop reset dates and other such theories. For me the trend can be my friend but I am invariably pushing against the current when in the first instance any trend is identified and acted upon.Chart of my data feed below. Enjoy the weekend. Stay safe. My opinion only of course!
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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
| Last trade - 16.17pm 27/06/2025 (20 minute delay) ? |
| CU6 (ASX) Chart |