watch CTX for a breakout of its downtrend with business conditions getting more favourable.
a stronger US dollar is great for CTX and a lower OIL price is even better.
CTX is just kissing the downtrend line, it could head lower if it doesn't break above this....
In my opinion we could see a breaking of the trend line, but watch it closely.
not a recommendation to buy...
but if CTX can break the downtrend line its a short term buy regardless of fundamentals... because it will be breaking a downtrend that started in may 2007...
watch this space.
possible short term buy. i hold no position untill downtrend line is broken
market coming into ctx favour
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Last
$33.10 |
Change
-0.020(0.06%) |
Mkt cap ! $7.887B | |||
| Open | High | Low | Value | Volume |
| $33.33 | $33.43 | $32.80 | $26.62M | 804.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 819 | $33.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.12 | 441 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ALD (ASX) Chart |