CXO 8.86% 8.6¢ core lithium ltd

I have made reference before to the similarities between the PLL...

  1. 247 Posts.
    lightbulb Created with Sketch. 1228

    I have made reference before to the similarities between the PLL and CXO charts and I wanted to explore this a little more now that we have a little more data. This is by no means conclusive, but make up your own mind as to whether you think you can see a similar pattern emerging.

    Below is the PLL Chart:

    https://hotcopper.com.au/data/attachments/3459/3459170-451930759ad61a45eec89013a6f2e1be.jpg


    And now the CXO Chart:

    https://hotcopper.com.au/data/attachments/3459/3459171-0426374c87fae3e0fc4666f150b37ca4.jpg
    Here are some dates/stats:

    PLL:

    First Major Rise: 08 /10/2020 @ 60.5c

    Percentage Change in price: -51.2% to low dip

    low dip: 02/11/2020 @ 29.5c Days after first major rise: 26 (28% of PLL totals days - see below)

    Percentage Change in price: +44.1% to 1st peak

    1st Peak: 17/11/2020 @ 42.5c Days after low peak: 16 (17.5% of PLL total days)

    Percentage Change in price: -4.7% to 2nd peak

    2nd Peak: 30/11/2020 @ 40.5c Days after 1st peak: 14 (15.4% of PLL total days)

    Percentage Change in price: +1.2% to 3rd peak

    3rd peak: 23/12/2020 @ 41c Days after 2nd peak: 24 (26.3% of PLL total days)

    Percentage Change in price: 0% to 1st Peak Major rise

    1st Peak of Major Rise: 6/1/2021 @ 41c Days after 3rd peak:15 (16.4% of PLL total days)

    Percentage Change in price: +95% to highest peak in pattern

    Highest peak in that pattern 27/1/2021 @ 80c Days after 1st peak major rise: 22 (24% of PLL total days)

    Days from First major rise to 1st Peak of major rise: 91 (PLL total days)

    CXO:

    First Major Rise: 27 /01/2021 @ 39.5c

    Percentage Change in price: -53.9% to low dip

    Date low dip: 10/03/2021 @ 18.2c Days after first major rise: 43 days (24.15% of CXO total days)

    Percentage Change in price: +56.6% to 1st peak

    1st Peak: 14/04/2021 @ 28.5c Days after low dip: 36 days (20.22% of CXO total days)

    Percentage Change in price: 0% to 2nd peak

    2nd Peak: 28/04/2021 @ 28.5c Days after 1st peak: 15 days (8.4% of CXO total days)

    Percentage Change in price: - 3.5% to 3rd peak

    3rd peak: 7/6/2021 @ 27.5c Days after 2nd peak: 41 days (23% of CXO total days)

    Percentage Change in price: +3.7% to 1st Peak Major rise

    1st Peak of Major Rise: 23/7/2021 @ 28.5c Days after 3rd peak: 47 days (26.4% of CXO total days)


    Days from First major rise to 1st Peak of major rise: 178 days (CXO total days)

    We haven't obviously seen the highest peak in pattern yet for CXO, but the numbers are reasonably consistent with PLL, so if I extrapolate what we saw with PLL to try and predict what could happen with CXO I get:

    The highest Peak in the pattern for PLL occurred 22 days after 1st peak major rise (24% of total days). If we do the same thing for CXO, and take 24% of the 178 days (total days), we get 43 days. If we add the 43 days from 1st peak of Major rise (23 July), we get around 03 September 21 (+/-10%) for the highest peak in the pattern. The price change for PLL from the First Major rise to the highest peak in the pattern was 32.23%, if we do the same for CXO we get a SP of approximately $52 around early September.


    Will it come true? no idea, will the CR shares issue derail it, no idea, but geez the charts sure look similar to me. It is worth noting that PLL kicked on afterwards as well!


 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.6¢
Change
0.007(8.86%)
Mkt cap ! $183.7M
Open High Low Value Volume
8.0¢ 8.6¢ 7.9¢ $2.766M 33.86M

Buyers (Bids)

No. Vol. Price($)
1 10000 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 1102272 8
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.