CNX.AX has closed above the upper band by 3.6%. If the price is in a uptrend; then this upward trend has a good chance to continue. above the upper band by 3.6%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 223% wider than normal. The large width of the bands suggest high volatility as compared to CNX.AX's normal range. The bands have been in this wide range for 5 bars. This is a sign that the current trend might continue.
It is rated buy now with the 0.64 target price in six months.
"http://au.stoxline.com/q_au.php?symbol=cnx&c=ax&Analysis=Analysis"
- Forums
- ASX - By Stock
- positive technicals
CNX.AX has closed above the upper band by 3.6%. If the price is...
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online