From getagraphConsolidated Minerals Limited is up by...

From getagraph

Consolidated Minerals Limited is up by gaining2.62% yesterday from AUD 2.29 to AUD 2.35. In the last 10 days the price of Consolidated Minerals Limited has been rising in a total of 7 out of 10 days, and is up by gaining17.5% over the past 2 weeks. Volume also increased last day along with the price which is positive technical sign, and in total there was traded gaining2,06 million more shares than the day before. In total there were bought and sold 4,52 million shares for approx. AUD 10,61 million.

3 MONTH TREND
Consolidated Minerals Limited has broken the wide and horizontal trend up. Breaks like this is often followed by swift and strong movements, and any correction down to the breakline at approx. AUD 2.29 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach AUD 2.64 sometime during the next 3 months.


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