Likely targets if you want to catch a falling knife:
1. The last big drop from 25/01/2016 to 6/04/2016 was 34.5% from the high. If that is projected from the recent high of 19/12/2016 then we get a possible target for the low of this correction as $4.40 approx. I would be surprised if it dropped that far.
2. CKF normally corrects 61.8% of the range of the prior major rally. The last rally from a low of $3.49 to the high of $6.73 would give a 61.8% correction to $4.73.
3. A trendline drawn from the low on the 10/06/2015 to the low of 6/04/2016 gives a value today of $4.85. In other words if it broke below $4.85 today then it would have broken a long range trendline.
Likely targets if you want to catch a falling knife: 1. The last...
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Last
$7.32 |
Change
-0.100(1.35%) |
Mkt cap ! $862.9M | |||
| Open | High | Low | Value | Volume |
| $7.40 | $7.43 | $7.31 | $1.751M | 237.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11300 | $7.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.35 | 1336 | 1 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| CKF (ASX) Chart |