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15.5¢ canyon resources limited

Chartist Anyone?, page-19

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Lizzard

621 Posts.

2

15/03/19

16:18

Post #: 37777772
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Originally posted by OTG: ↑

Chart looks pretty constructive to me, on the longer-term timeframe, being the weekly. Large consolidation above prior resistance in the 18c - 16c range. More important than the shape of the consolidation pattern is the prior trend, which is clearly up.

On the daily, key resistance level is 25c. Need to see a clear break to suggest the current range is over. For now, sellers still coming in and dominating every time price is at this level. Just need more time to soak up that selling, i.e. more sideways trading for now.

I woud not want to see a drop below the support on the daily, between 20c and 18c. If that was to occur, you would have a lot of overhang.

Expand

Do we need to fill the gap between 13-16c, if you believe in that stuff.

I'm in the queue.

CAY Price at posting: 21.5¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 15.5¢		Change 0.005(3.33%)		Mkt cap ! $127.2M

Open	High	Low	Value	Volume
15.0¢	15.5¢	15.0¢	$86.18K	557.6K

Buyers (Bids)

No.	Vol.	Price($)
6	463229	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	887016	4

View Market Depth

No.	Vol.	Price($)
8	4366729	0.080
3	5025316	0.079
3	3750000	0.076
2	45000	0.070
1	40000	0.067

Price($)	Vol.	No.
0.083	150000	2
0.084	345680	4
0.085	364900	4
0.086	430000	2
0.087	230000	1

Last trade - 15.07pm 05/11/2024 (20 minute delay)

CAY (ASX) Chart