CU6 1.28% $3.95 clarity pharmaceuticals ltd

CU6 - ASX Charts

  1. 104 Posts.
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    27-Nov-2023 : Keeping it Simple with Price Action & Technical Analysis.

    The resilience of a stock is determined.. when the overall market tanks almost 1% as it happened today. In this down market, CU6 bucked the trend to close almost 4% up... and in the way.. almost completing the "Cup & Handle" pattern with probability of more upside and a fresh new uptrend in nascent stage.

    When we go deep into the charts of CU6, we can see where that resilience comes from;
    * CU6 floated in Aug'21 at an issue price of $ 1.26. It then went in a bear phase, that ended in Jul'2022
    * Since Jul'22, the stock has been in a slow upward burn... as can be seen with the "GREEN" higher lows.
    * The first leg of that upward journey seems to now have closed with the stock almost close to the issue price, and has completed a bullish Cup & Handle with the new upward move having started since start of Nov'2023. If this maintains its up move, the RED resistance zone would then become the new support.

    https://hotcopper.com.au/data/attachments/5768/5768646-56cbf46565c24a372f0e9abc232fb55b.jpg


 
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Last
$3.95
Change
0.050(1.28%)
Mkt cap ! $1.212B
Open High Low Value Volume
$3.99 $4.00 $3.90 $1.271M 322.1K

Buyers (Bids)

No. Vol. Price($)
2 437 $3.95
 

Sellers (Offers)

Price($) Vol. No.
$3.96 1900 2
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Last trade - 10.42am 13/05/2024 (20 minute delay) ?
Last
$3.98
  Change
0.050 ( 1.77 %)
Open High Low Volume
$3.93 $3.99 $3.91 11470
Last updated 10.56am 13/05/2024 ?
CU6 (ASX) Chart
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