Australian (ASX) Stock Market Forum

CDA - Codan Limited

This is a chart that needs to recover to above 15.50 real fast for anyone wanting to profit take at optimal prices (me)

DAILY
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A most disappointing turn of events to a wannabe seller and time to admit I was wrong in describing it as a high level consolidation - despite being 'intrinsically' overvalued. Down another 2.5% today @ 14.52 and has dropped through all supports of the last 6 months.

Held
Given up on reducing, now holding

DAILY
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Looks a bit oversold like many others. Not sure the market is ready to bounce yet. Patience Peter.
 
Yesterday:
Woohoo!
Codan Raised to Outperform at Macquarie; PT A$17

What a crazy chart. Almost want to give up charting but I don't want to roil the market.
BAack above 15.50 and looks like closing not far off its intraday high

DAILY
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