I find it strange that anyone is looking at that as a rounding top. While of course anything is possible, any analysis of the price and volume says it's a base in an uptrend. The selling days have reduced in volume from left to right, there have been several large volume buying days, there is clearly still accumulation that is outweighing the little bit of profit taking .... that's without even considering they just did a $120m CR and it hasn't even touched the CR price, most of the volume since has been done 5 - 10% above the CR price.
Surely if your momentum indicator on that chart meant anything the price would have collapsed by now? Multiple bearish divergences blah blah blah
I find it strange that anyone is looking at that as a rounding...
Add CU6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.27 |
Change
0.260(8.64%) |
Mkt cap ! $1.016B | |||
| Open | High | Low | Value | Volume |
| $3.07 | $3.31 | $3.03 | $6.249M | 1.947M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2363 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 4573 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.26 |
Change
0.260 ( 8.52 %) |
||||
| Open | High | Low | Volume | ||
| $3.05 | $3.31 | $3.05 | 593192 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| CU6 (ASX) Chart |