CDX 3.64% 5.7¢ cardiex limited

Technical 200dma bullish cross, page-231

  1. 15,824 Posts.
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    updated chart. the price target has pretty much been hit but the volumes are not even close to what you would expect to mark the end of a run.
    i think this suggests that something fundamentally has changed and a long term bull run is about to start on this stock. looking over at some of the other threads i guess there may be institutional accumulation over speculation regarding fitbit?

    anyhow, next historical resistance price is 14c. If that gets breached on these sort of volumes i would guess it is going to just keep creeping up and up until fundamental valuation matches speculation.


    https://hotcopper.com.au/data/attachments/2820/2820579-9ac574ac165d24f2a54921f4b131d51d.jpg


 
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