Does look like a converging triangle.
$0.52-$0.59 on the 15th
$0.54-$0.58 next day
$0.545-$0.575 today
Converging triangles can break either way.
I’m shocked at the lack of selling. Common sense says that there should be some selling after such a big move up, but we’re not seeing any yet. The chart doesn’t look like it’s coming back to its EMA20 or midpoint of the Bollinger band which acts like a magnet.
If there’s another run up after this symmetrical triangle, I’m going to have to reconsider how much I put into Lithium + Uranium in my portfolio as long term holds...
CXO - Chart Thread, page-1220
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Last
10.0¢ |
Change
0.012(13.6%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 10.5¢ | 8.8¢ | $3.413M | 34.89M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1613594 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 5907724 | 76 |
View Market Depth
| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |