I find the technicals a bit difficult to fathom around 10c with the jump from .1c to .5c price intervals. I was happy it held at 9.6c which is above ,9.5 previous low. Volume related price indicators such as MFI and OBV seem to be supporting a bit of push behind this rise. I think the key would be a close over 10c, rather than just a intraday push. The fundamentals are also pushing aside the technicals somewhat, more positive outlook on oil price with even non opec countries cutting production ... Also I think there is the "buy the rumor" ... with results coming soon... hoping that should give us a push through the technical hurdles. With this 10c limit at the door now we should have our technical answers this week.
Whether I will continue to hold all my CVN if we get up towards 15c before the drilling results is another question entirely... I am wondering how the lack of oil this side of the fault affects the 50% chance of success they gave to the Gas results below. Even if the seal is better ...
- Forums
- ASX - By Stock
- The colour of money.
I find the technicals a bit difficult to fathom around 10c with...
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.3¢ | $887.4K | 5.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 286883 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 40386 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 286883 | 0.160 |
13 | 529599 | 0.155 |
17 | 1265052 | 0.150 |
17 | 745185 | 0.145 |
10 | 442777 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 40386 | 1 |
0.170 | 534963 | 10 |
0.175 | 1047347 | 8 |
0.180 | 501225 | 8 |
0.185 | 119057 | 4 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |