The yellow zone on the chart is where CPV been traded most of its history since listing (too wide a zone!).
So 24c or so seems quite deep in that support zone; and one may offer a reversal (as a side note CPV options are also 25c). CPV proposed commercialisation in Feb 2019 (so may be also a built up for that).
Watching intraday trade in the past few sessions, I think there was good interest at 24c price point (in particular off-screen buys). Of course, all within the limits of CPV low daily volume.
So I think we should see a reversal from there / or at least a decent trade. How big is the reversal is another question of course (say a 20% trade or a sustained change of trade?).
Of course we don't want CPV to go below support zone (in a meaningful way and not a spike).
All IMHO, and I could very well be wrong.
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Last
24.0¢ |
Change
-0.015(5.88%) |
Mkt cap ! $98.52M |
Open | High | Low | Value | Volume |
25.5¢ | 26.0¢ | 24.0¢ | $120.7K | 488.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 45490 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 6578 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11957 | 0.420 |
2 | 20921 | 0.415 |
4 | 123661 | 0.410 |
1 | 2471 | 0.405 |
8 | 40055 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 16870 | 2 |
0.440 | 39572 | 2 |
0.450 | 6157 | 2 |
0.460 | 31026 | 5 |
0.470 | 21978 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
CPV (ASX) Chart |