Please ignore what I am about to say because I am rarely right about the markets.
I think the CWY medium term trend may be at risk. Could either correct or consolidate.
Reasons:
1. Three attempts to break above previous resistance of $1.23 have failed to remain above this level. If price cannot breakout in one direction then it is going to go back in the other direction searching for buyers.
2. Monthly price chart has that "I'm gonna rollover look about it."
3. Weekly MACD chart exhibits bearish divergence between price and MACD.
4. Weekly price chart shows a 3 wave overlapping trend (the trough of each wave falls below the peak of the previous wave). This often occurs at the end of a trend.
Monthly Chart:
![]()
Weekly chart:
![]()
- Forums
- ASX - By Stock
- CWY
- CWY Trend intact
CWY Trend intact, page-5
-
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CWY (ASX) to my watchlist
|
|||||
Last
$2.90 |
Change
-0.090(3.01%) |
Mkt cap ! $6.465B |
Open | High | Low | Value | Volume |
$2.99 | $2.99 | $2.88 | $12.60M | 4.316M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18026 | $2.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 13113 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18026 | 2.880 |
2 | 25827 | 2.870 |
2 | 25881 | 2.860 |
2 | 13753 | 2.850 |
2 | 9553 | 2.840 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 13113 | 1 |
2.910 | 41033 | 1 |
2.920 | 27040 | 2 |
2.930 | 27040 | 1 |
2.980 | 336 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
CWY (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online