CUV - Technical Anslysis Discussion, page-44

CUV FOLLOW-UP UPDATE
Keeping It Simple with Price Action & Technical Analysis - "The Noiseless Way".

Very excited to share this update to my last post after this week's "stupendous" performance by CUV.
Infact, I was waiting for just this break-out.
From my above post on 31-May-2024, I had noted " All in all, I see strength to continue. Whenever it makes a close above around 16.2, that will be a multi-column breakout... and would be above all resistance lines.. On path to a new up-trend then. "

Click here to read that : 31-May-24 : ASXCharts Analysis of CUV

The stock this week has convincingly crossed that resistance, and its time to have a fresh new look at the chart and price action, and make some BOLD price forecasts. Please note, I own this stock and my analysis may be biased and even incorrect. DYOR, and dont forget the stop-loss.

* This is a 0.15 box size of CUV on a daily time frame
* The stock was in a down-trend since Oct'2021 and hit a low in the GREEN zone in Jun'2022.
* It then changed direction, and within 206 days made a new High with a gain of 105% around price of 28 in start of 2023.
* Since start of 2023, it then again has been in a down-trend, and made a low AGAIN in the GREEN zone in Mar'24.
* Within 96 days since then, it has now broken out of that immediate RED resistance trend line drawn from the last big drop.
* In P & F, this was a multi-column break-out, and I am now looking forward to it breaking out that DOTTED resistance line very close above.
* If you see that DOTTED line, thats the long-term resistance line since that downtrend started in 2021, and what has once been tested and failed.
* A break above this DOTTED line will be the greenshoots of a long-term trend reversal, and then I have made my own BOLD preditions ( for myself) of a price target of around 28... Provided, it consolidates and does not go below that short-term RED trend line again.
Good Luck..