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
$32.57 |
Change
-0.260(0.79%) |
Mkt cap ! $7.756B | |||
| Open | High | Low | Value | Volume |
| $33.18 | $33.24 | $32.30 | $14.91M | 456.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 585 | $32.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.58 | 754 | 17 |
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| Last trade - 14.29pm 26/06/2024 (20 minute delay) ? |
| ALD (ASX) Chart |