CLA chart, page-3049

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stoat4773

658 Posts.

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11/02/19

12:52

Post #: 37397557
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Originally posted by Pittbull ↑

I've been a little quiet for a while, just waiting this out and intentionally away to block out all the noise. Thought I'd return with a crudely drawn chart, feel free to critique.

The top chart is the past month, shows we are in an uptrend, however slight. We are leading up to the release of resource upgrade and it's going to be good news imho.

The bottom chart is the past year, imho shows three things;

First, the relative strength since about 26 January is heading upward. Coincidentally, this is the last long weekend in Australia and usually the very end of the holiday season. Traders, brokers etc are back in front of their terminals and I think for the most part we have seen this stock tick bottom out.

Second, this was way oversold in November/December. Way oversold. The share price is still hovering around the same price now. The difference is though we are approaching resource upgrade, no-one wants to sell and we have had board changes for the better.

Lastly, I point out what happened in the run up to the initial Jorc. RSI was strengthening and the SP shot up. We are now approaching resource upgrade and RSI is again strengthening. I will leave it to you to figure out what I think the SP will do. View attachment 1442293

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It's a bit like waiting for the balloon to go up so we can all go over the top.
Reminds me of the first day for the battle for the planet of Hoth.
I'm going to be right behind the Emperor and Darth at the front.
I pity the rebel alliance.
The force is with us.

CLA Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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(20min delay)
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

No.	Vol.	Price($)
27	6375184	0.011
25	18903795	0.010
10	5676330	0.009
5	4520074	0.008
3	660560	0.007

Price($)	Vol.	No.
0.012	1968589	6
0.013	1135230	3
0.014	3150000	6
0.015	500000	1
0.016	2155633	7

Last trade - 16.10pm 22/11/2024 (20 minute delay)

CLA (ASX) Chart