Just for those interested, I just looked at the chart this morning and I'm loving what I see. After our 5 day fall from grace, we've hit 25c which is the weekly major support level and then rebounded. A closer look shows we've closed the gap left at 25.5c from Nov 24th last year and which also just happens to be the 200MA . Most of the lagging indicators are also in oversold territory. One last comment, the volume spike on Monday just gone would suggest a large position reduced or closed out. Technically, this is very robust from what I can see. Not a buy or sell recommendation, just my observations ...............................
ps oil price increasing
Just for those interested, I just looked at the chart this...
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $636.5K | 3.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 624083 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 745415 | 12 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |