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.
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Last
$4.26 |
Change
0.130(3.15%) |
Mkt cap ! $1.334B |
Open | High | Low | Value | Volume |
$4.10 | $4.32 | $4.05 | $7.052M | 1.668M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 498 | $4.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.07 | 2749 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2597 | 4.480 |
9 | 294 | 4.370 |
4 | 1537 | 4.350 |
1 | 1200 | 4.260 |
1 | 15886 | 4.250 |
Price($) | Vol. | No. |
---|---|---|
4.030 | 89 | 1 |
4.070 | 2749 | 1 |
4.100 | 17 | 1 |
4.140 | 3102 | 1 |
4.160 | 784 | 1 |
Last trade - 15.59pm 24/05/2024 (20 minute delay) ? |
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Last
$4.25 |
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Change
0.130 ( 3.26 %) |
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Open | High | Low | Volume | ||
$4.09 | $4.31 | $4.09 | 45313 | ||
Last updated 15.58pm 24/05/2024 ? |
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CU6 (ASX) Chart |