Thanks @Kiwisfly9, been keeping well mate and I trust you have as well. Not sure I'm a good omen, but I think CXO is showing signs that it might be ready to go on another run. There is the symmetrical triangle that the apex of which happens to line up with the longer term trend line, the MACD has crossed, strong support at 40c and below and that is even before we get to the fundamentals.
Of course with charting analysis there is always the possibility of down side risk, but when we consider that:
1. CXO is fully funded with no debt,
2. high spod pricing,
3. FID complete which enables some funds to buy in,
4. Construction to start soon,
5. Major project status
6. Exploration results and hopefully a resource upgrade pending,
7. Hydroxide study pending.....I think there is more to drive it up then there is to drive it down!
CXO - Chart Thread, page-1059
Add CXO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $210.0M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.8¢ | $6.405M | 65.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1644860 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2435187 | 25 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CXO (ASX) Chart |