I sold out completely as we went down through the long term trend line at $1.40/$1.41 - more luck than judgement. I had no idea of the general market carnage that was to follow, and in fact hung on to other stocks which have suffered similar falls to CTM.
Still think CTM is way undervalued, but the next logical support/resistance line for me was around $1.00 - and we went through that too.
I'll be waiting for the markets to settle down and an uptrend to re-establish for CTM before hopping back in. There's plenty of blue sky for this stock, so not desperate to pick the bottom precisely.
Trading day running commentary, page-3433
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $213.3M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 45.0¢ | 42.5¢ | $1.171M | 2.721M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5699 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 51840 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CTM (ASX) Chart |