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2.22%

8.8¢ core lithium ltd

i agree however if you factor in the time of the year and that...

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Trader_90

394 Posts.

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22/06/23

10:52

Post #: 68414383
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Originally posted by GmundStables: ↑

The chart is still leaning towards more downturn. Numerous reasons from a TA perspective.
8ema has track in parallel and below the 20sma for 13 sessions now, not a good look. It needs to cross over before the SP will show a bullish correctoive move.
Volume is still very low, we need numerous trading days of above 18M unit.
RSI is at 40, so still room to move lower.
SP is pushing the lower BB.

So TA wise this is a hold or for some a sell. This is not a traders stock at the moment, minimal SP movement and not enough volume. IMO.
CXO needs a cataylst to move this in the other direction, that being a Fundamental PS Ann . Until then the SP is likely to hit 93 or maybe worse.
Don't shoot the messager, just saying what the TA is stating.

IMO, DYOR and all that!
Have a great day.
Sentiment TA hold, FA Buy.

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i agree however if you factor in the time of the year and that we are fast approaching July with a further ann pending, fullish imo to consider dumping this when its re entered penny stock status

Last edited by Trader_90: 22/06/23

CXO Price at posting: 95.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 8.8¢		Change -0.002(2.22%)		Mkt cap ! $188.0M

Open	High	Low	Value	Volume
9.0¢	9.1¢	8.6¢	$1.563M	17.58M

Buyers (Bids)

No.	Vol.	Price($)
2	299999	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
9.0¢	471760	6

View Market Depth

No.	Vol.	Price($)
2	299999	0.088
4	148563	0.087
14	929773	0.086
24	1664290	0.085
5	340059	0.084

Price($)	Vol.	No.
0.090	471760	6
0.091	243805	3
0.092	509295	9
0.093	45000	2
0.094	443836	5

Last trade - 16.10pm 04/09/2024 (20 minute delay)

CXO (ASX) Chart