27-Nov-2023 : Keeping it Simple with Price Action & Technical Analysis.
The resilience of a stock is determined.. when the overall market tanks almost 1% as it happened today. In this down market, CU6 bucked the trend to close almost 4% up... and in the way.. almost completing the "Cup & Handle" pattern with probability of more upside and a fresh new uptrend in nascent stage.
When we go deep into the charts of CU6, we can see where that resilience comes from;
* CU6 floated in Aug'21 at an issue price of $ 1.26. It then went in a bear phase, that ended in Jul'2022
* Since Jul'22, the stock has been in a slow upward burn... as can be seen with the "GREEN" higher lows.
* The first leg of that upward journey seems to now have closed with the stock almost close to the issue price, and has completed a bullish Cup & Handle with the new upward move having started since start of Nov'2023. If this maintains its up move, the RED resistance zone would then become the new support.
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Last
$4.49 |
Change
0.140(3.22%) |
Mkt cap ! $1.393B |
Open | High | Low | Value | Volume |
$4.35 | $4.51 | $4.30 | $8.654M | 1.980M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 14113 | $4.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.50 | 8109 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2072 | 4.490 |
23 | 19479 | 4.480 |
20 | 15436 | 4.470 |
5 | 30098 | 4.460 |
4 | 8001 | 4.450 |
Price($) | Vol. | No. |
---|---|---|
4.500 | 4225 | 3 |
4.510 | 13853 | 4 |
4.520 | 9398 | 4 |
4.530 | 2550 | 2 |
4.540 | 4750 | 3 |
Last trade - 14.40pm 27/05/2024 (20 minute delay) ? |
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Last
$4.46 |
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Change
0.140 ( 4.90 %) |
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Open | High | Low | Volume | ||
$4.41 | $4.51 | $4.30 | 59393 | ||
Last updated 14.57pm 27/05/2024 ? |
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CU6 (ASX) Chart |