The best part for long holders was that yes, there’s a lot of stock being sold off but there was a point today (lower bollie) where buyers said, “ you know what, that’s enough”. And they soaked up all the supply raising the SP leaving that long lower wick.
Therefore from a technical standpoint you could easily assume that selling supply might be slimming out. So it is a bullish indication but only one. You’d need to use that indication in combination with others to confirm a shift in momentum. IMO.
Cheers.
PS, you can’t blame anyone for taking profits here and closing positions. It’s probably been in the top 5 best stocks for 2023-24 FY.
CU6 - ASX Charts, page-600
-
- There are more pages in this discussion • 114 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CU6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.13 |
Change
0.560(10.1%) |
Mkt cap ! $1.910B | |||
| Open | High | Low | Value | Volume |
| $5.68 | $6.17 | $5.68 | $13.88M | 2.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |