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Current chart of CDA. It has retreated over the last 5 weeks but on low volume. The resistance was at $9 which was also the final swing high of the past dowhtrend. Just suggesting that $9 is a significant hurdle. While price has 'overbalanced' the main uptrend it has continued with a shallow uptrend which is still intact despite recent weakness.
Might be waiting on the Dec Half report which came at Feb 16 last year.
However last year an earlier trading update came at Jan 24.
For a higher price I imagine the need for 1H24 to show improvement to the pcp and an indication that profitability is beginning a return towards the higher average 26% ROE of the 6 years before FY23. Might be too big an ask for this Half where they are settling in acquisitions and competing against a $20 contract payment in the pcp? Quite a good chart though, so I'm undecided (again)

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[ATTACH=full]168401[/ATTACH]

<blockquote data-quote="finicky" data-source="post: 1259123" data-attributes="member: 2104">Current chart of CDA. It has retreated over the last 5 weeks but on low volume. The resistance was at $9 which was also the final swing high of the past dowhtrend. Just suggesting that $9 is a significant hurdle. While price has &#039;overbalanced&#039; the main uptrend it has continued with a&nbsp; shallow uptrend which is still intact despite recent weakness.Might be waiting on the Dec Half report which came at Feb 16 last year.However last year an earlier trading update came at&nbsp; Jan 24.For a higher price I imagine the need for 1H24 to show improvement to the pcp and an indication that profitability is beginning a return towards the higher average 26% ROE of the 6 years before FY23. Might be too big an ask for this Half where they are settling in acquisitions and competing against a $20 contract payment in the pcp? Quite a good chart though, so I&#039;m undecided (again)HeldWEEKLY[ATTACH=full]168401[/ATTACH]</blockquote>

[QUOTE="finicky, post: 1259123, member: 2104"] Current chart of CDA. It has retreated over the last 5 weeks but on low volume. The resistance was at $9 which was also the final swing high of the past dowhtrend. Just suggesting that $9 is a significant hurdle. While price has 'overbalanced' the main uptrend it has continued with a shallow uptrend which is still intact despite recent weakness. Might be waiting on the Dec Half report which came at Feb 16 last year. However last year an earlier trading update came at Jan 24. For a higher price I imagine the need for 1H24 to show improvement to the pcp and an indication that profitability is beginning a return towards the higher average 26% ROE of the 6 years before FY23. Might be too big an ask for this Half where they are settling in acquisitions and competing against a $20 contract payment in the pcp? Quite a good chart though, so I'm undecided (again) Held WEEKLY [ATTACH type="full"]168401[/ATTACH] [/QUOTE]

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