Well after 11 straight days of decline, I’m finally expecting a...

Well after 11 straight days of decline, I’m finally expecting a green day. CXOXF closed 6.75% higher at $0.65 equivalent. Which is a paltry amount but price action indicates a floor.



The most shorted, most oversold on the RSI stock on the entire ASX lol. Surely the RSI indicators would be picked up by the radar of traders.



As price settles EMA20 should be reached, it’s an eventuality. Currently at $0.82, by next week may be $0.7 and may act as resistance. Wonder if this is the start of shorts going down from 11% to 9% as historically they’ve been cyclical.

GM forecasting FY25 numbers from 14 weeks of operations has still confused me. It’s like making a chart with a single point, when you need 2 points to make a line and 3 points to make a curve for projections. Speculate all you want but it’s sabotage, next 4 quarters would’ve been normal. A lot of details missing in the quarterly too. The “start-up” term has been labelled by GM continuously, however a start up is extremely frugal which they aren’t being. Puzzling.