Other way around. Smart money coming in. They are soaking supply very nicely.
Cisco was the trigger.
Lets hope it continues.
Since our little run CVT has traded in a consolidating / accumulation range IMO.
From the 10th April this becomes clear on the chart. A lot of shares have changed hands over this period.
You only need to watch the spread for a few minutes to see that off-screen buyers keep putting orders up and absorbing lose stock.
The fact we are only -10% off the high is incredible. It's also healthy.
If there wasn't any future for CVT and investors couldn't see the potential (even from these levels) then we'd be back down to where we started.
Who knows what will happen over the coming weeks. I'd love a Crystal ball.
Potential Market, page-34
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Last
0.9¢ |
Change
0.002(28.6%) |
Mkt cap ! $13.08M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.9¢ | 0.7¢ | $80.47K | 9.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4323057 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1070000 | 2 |
View Market Depth
| Last trade - 15.46pm 12/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |