CDA - Codan Limited

[finicky]

Soufflé
50m into trading
I'll stop now

 

[finicky]

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

 

[finicky]

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

 

[galumay]

Dont worry, @finicky your time will come!

 

[mullokintyre]

management's

finicky by name, finicky by nature.
mick

 

[peter2]

Looks a bit oversold like many others. Not sure the market is ready to bounce yet. Patience Peter.

 

[finicky]

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

 

[galumay]

Current gold price will have the detectors walking out the door!

 

[Dona Ferentes]

Current gold price will have the detectors walking out the door!

it's a moated tech stock now

 

[galumay]

Jesus, the crap these idiots come out with!! "Moated tech stock" my arse.

 

[finicky]

^^^
Alert alert - contrarian signal

Held
Sentiment: Buy!

 

[mullokintyre]

Minelab got a mention in Zero hedge today as more and more people go prospecting with metal detectos.
From Zero Hedge

Mick

 

[finicky]

Detect Deeper with a Codan Minelab. When only the best will do - and isn't that all the time?

 

[finicky]

Codan showing some recovery lately. What a messy frustrating chart - has confounded my every expectation. But imo now back up to a level where the possibility that the churn is just a consolidation is back on the table. Not enough that I'd buy it however. I have a friend who just today emailed for my opinion about buying a Minelab 'Gold Monster' detector. I directed him to YouTube clips.

Held
Want to trade 1,000, keep the rest.

 

[finicky]

WEEKLY chart of CDA is showing strong recovery recently. Would have to be the most frustrating chart I've ever followed with keen interest and tried to predict off. Very unaesthetic, but it's back above the $16 level, around which most of the consolidation has taken place. Consistent weeks of gains but volume is weak. There've been a couple of broker upgrades - for galumay's edification, I know he likes to keep abreast:

AI Overview

"Recent reports indicate that Macquarie has upgraded Codan (ASX:CDA) to an "outperform" rating from "neutral", with a price target of $17.00. Goldman Sachs also retained a "buy" rating with an improved price target of $18.50. These upgrades suggest strong confidence in Codan's future prospects, particularly in its communications and metal detection segments."

WEEKLY

 

[galumay]

@finicky, you are getting very close to being put on my lengthy ignore list! Not just broker reports, but useless so called AI quotes.
My new acronym is ASS - Aggregated Search Services, or in layman's terms thieves stealing other peoples research & analysis.
Zero value add.

 

[finicky]

I will not stop

 

[finicky]

52 week high

 

[finicky]

Ruh roh, tried to surmount the previous medium term high and failed. Bearish engulfing daily candle with a wick. Higher volume. Don't tell me my patience will be tested again.

Held
Reduce

DAILY

 

[galumay]

Trust me, it will either go up, or down, or stay about the same.