CDX cardiex limited

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From a TA perspective its reassuring there are no gaps - no...

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Manikato

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31/01/19

21:48

Post #: 37290471
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Originally posted by valvesound ↑

Couple of daily charts for today to illustrate what that action was potentially all about, and also the support levels.

Firstly if 5 cents broke, it was always going to go back and test that 4.7 level. That used to be the old resistance area, which appears today that we have confirmation that is now in fact the new support area.

Today's action was a classic shake out trying to hit stop losses from what i could see, as soon as hit that support of 4.7 it quickly whipsawed back above 5 cents with bids coming in thick and fast. To me it looked like a very organised ( computerised ) shake and then soak whatever they could 5 cents and below.

Interesting they only managed to pick up 1 million shares below 4.9. Pretty much next to no selling down there. Then it spent the day soaking everything at 4.9/5 cents for a total of 10 million units and held above that 4.8 area pretty much for the rest of the day.

Bouncing off the 61.8 fib.

View attachment 1432687

Bouncing off that old resistance area, with fairly good strength.

View attachment 1432689

Will be interesting to see if they try that on again tomorrow or we get a news event, which i suspect maybe the case, these type of shake outs tend to precede a news event.

A close above 5.2 would be confirmation the uptrend is still in play, which should see us make a move towards 6 cents and above

All my opinion, happy to hear others as that was the first real shake out we have seen since the huge volume spike back on the 15th of Jan when multiple "pump and dump" comments were thrown around the traps.

Tagging you in here @rick64

Cheers all

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From a TA perspective its reassuring there are no gaps - no nasty price levels requiring a revisit

It does appears like an orchestrated shake out pending news.

Would be a bit whacky if there was no
pull back days

Great insight as per usual @valvesound

You’re on the money @rick64
Keep asking questions and remember part of Craig Coopers favourite quote from Calvin Coolidge ( US President).

“Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent”.

What a great quote that gives us mere mortals hope!

Still holding and trading

CDX Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

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(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $17.49M

Open	High	Low	Value	Volume
3.9¢	4.0¢	3.8¢	$20.01K	521.6K

Buyers (Bids)

No.	Vol.	Price($)
2	75000	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	60000	1

View Market Depth

No.	Vol.	Price($)
2	75000	0.038
5	677100	0.037
2	263210	0.036
4	515503	0.035
3	382970	0.034

Price($)	Vol.	No.
0.042	60000	1
0.045	82414	2
0.050	100000	1
0.052	180000	1
0.080	100799	1

Last trade - 15.40pm 27/06/2025 (20 minute delay)

CDX (ASX) Chart

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