Codan Limited
Long
Aggiornato

$CDA priming for a move on good volume $CDA.ax

107
TA: Broke trend line (yellow) on Solid volume (Pocket pivot)
MACD above 0
Stochastic crossed up
Price above 50 and 200MA
Bounced off pitchfork with a hammer candlestick.
FA: Company is in the defence sector with radio communication, metal/mine detection and gold detection industries.
Defence sector may be bullish with global geopolitical tensions.
Trade attivo
New higher high from last peak.. closed at $2.29
MACD above 0 now crossing up
Trade chiuso manualmente
Big price attack breaching 15MA..
Volume supports the move down.
MACD and STOCH crossing down.
TIme to bail for now and wait for chart recovery.

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