I am expecting Cobalt to find some support in the high $20k's to $30k's. This is where the long term support levels are if you look at the long term cobalt charts. And we are getting close to this level now so hopefully not too long before a rebound.
Likewise, CLA is retesting it's most recent low. The technicals seem to be driving CLA for the short term. Let it retest it's most recent low and it will form a nice double bottom. Once the price of cobalt finds its bottom as well and starts to rebound, CLA is well placed to take off.
The macro picture for cobalt is just too strong for this not to happen as evidenced by the below article (previously posted by someone else).
https://www.japantimes.co.jp/news/2...int-venture-procure-cobalt-electric-vehicles/
CLA chart, page-3002
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $35.54K | 3.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2480023 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 4234832 | 6 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CLA (ASX) Chart |
