Apologies for any confusion, being a TA thread I don't generally elborate to much on the FA side of things. However you do raise intresting pionts, I had forgotten about the ASX200 rejig.
In this case the Macro comment was aimed at the much wider markets and economies. Although there are still many issues around the world, the S&P is expected to rally atleast until May, maybe longer. This will have a positive impact on the ASX and drag up all sectors IMO.
Re CXO, it is still one of the better spod companies, and has cash, how much?, we will find out soon.
TA only my above comments stand, but everyone should have a good blance of TA v FA, and do their own DD to met their risk profile.
I personally do not see this as a sell, but a hold for the moment. Or if you are risk on, then buy.
CXO - Chart Thread, page-8496
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $251.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.3¢ | 11.5¢ | $1.271M | 10.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 69 | 6625060 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1311003 | 16 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |