I'm not sure you can really call it oversold on a day when it made a new all time high and is only down a couple percent and still above yesterday's low?
I'd say we're in a similar point to back there in May after the first push out of that base under $3, volume is significantly lower today which is good(would need some real buying/selling to change that much by the close), likely we just need a few days here to drift sideways/down before the buyers come back in.
CU6 - ASX Charts, page-726
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Last
$7.37 |
Change
-0.130(1.73%) |
Mkt cap ! $2.327B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.60 | $7.31 | $5.165M | 697.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 135 | $7.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.40 | 4649 | 2 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| CU6 (ASX) Chart |