Where to from here for the SP from a TA perspective?
The first (and likely) possibility is a period of consolidation as traders and weak hands sell into new long term bulls.
The last half of 06 saw a period of strong price resistance at .145, and this could now become the new support area. That's not to say the price will not dip below this, but that anything under .145 might now be seen as a good accumulation price.
The second possibility is a further spike in SP, but I'm not sure the stock has quite enough momentum at this point for that to happen.
Personally I would prefer a consolidation period anyway - gives me a chance to offload a few resource stocks and rebalance my long term holdings to potential growth stocks like CLV.
company maker, page-12
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Last
48.5¢ |
Change
-0.005(1.02%) |
Mkt cap ! $60.11M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $3.293K | 6.778K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50480 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 1000 | 1 |
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| Last trade - 11.48am 18/11/2024 (20 minute delay) ? |
| CLV (ASX) Chart |
