The chart for CYL is magnificent. A classic set up.
I picked them up at $1.795 for a trend bounce.
Have a look back down the trend and you see a previous consolidation period.
In 2017, ideally you would have picked these up at around $0.43 and sold around $1.34. It did stall before the take-off.
The rate at which gold stocks are moving, this current consolidation period should not last long.
From my perspective, picking them up under $2 is a bonus. I see they have popped up again but there may be another opportunity.
This is not advice but my read of my charts. DYOR.
Potential, page-29
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Last
$2.84 |
Change
0.170(6.37%) |
Mkt cap ! $641.2M | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.87 | $2.67 | $3.565M | 1.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2565 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.87 | 9053 | 2 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| CYL (ASX) Chart |