The descending wedge (weekly) was broken through at $16.30 (yesterday/intraday) giving a target of $28.14. A weekly close above the trendline would be ideal. Interestingly, $28 is a previous high back Feb 2023. Before the TA baggers go to town on my post please respect the thread title - CUV - Technical Analysis.
How I arrive at this figure... look to the starting point of the descending wedge pattern and measure the vertical distance between support and resistance ($11.84 in CUV case). Then, superimpose that same distance ahead of the current price but only once there has been a breakout. The top end of the line will be the target.
The descending wedge (weekly) was broken through at $16.30...
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 (20min delay)
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Last
$14.98 |
Change
0.120(0.81%) |
Mkt cap ! $744.5M | |||
| Open | High | Low | Value | Volume |
| $14.93 | $15.00 | $14.93 | $50.04K | 3.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31 | $14.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.99 | 34 | 2 |
View Market Depth
| Last trade - 10.30am 03/05/2024 (20 minute delay) ? |
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Last
$15.02 |
Change
0.120 ( 0.82 %) |
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| Open | High | Low | Volume | ||
| $14.96 | $15.02 | $14.96 | 193 | ||
| Last updated 10.51am 03/05/2024 ? | |||||
| CUV (ASX) Chart |