Here's a thought, each time this stock has retraced it has rebounded and blown through it's previous highs each time.
1. 8/10 the stock peaked at 38c subsequently retraced to .285 before reversing and breaking through it's previous high by 14c
2. 25/10 stock peaked out at .54 before retracing slightly to .465 before reversing and breaking through it's previous high by 12c
3. 12/11 stock peaked at .66c before retracing to .445 and bouncing off the 38.2% fibonnaci level, before breaking through it's previous high by ??c (considering it usual pattern could be anywhere from 12 -14c
So in theory that could give us 18c movement from here if you were to buy in at 62... in other words a new high of approx 80c or 29%, before the next consolidation phase.
GL!
what is the secret of this rising cvn stock, page-5
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $478.3K | 3.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6210 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 482885 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |