ASX:CGF - Brexit priced in? Bulls and Bears are set. Who wins?
Unlike like an Aus vs India test match, the bulls and the bears are evenly matched looking at the CGF charts. It really could go either way.
The nine dollar mark has acted as support twice recently, and prices are looking to test this again. There isn't much support after that, so things could drop further if it breaks through.
On the other hand, prices are stabilising inside the flag, and the MACD divergence is a good sign.
The over-aching question is just how much has Brexit been priced in.
The nine dollar mark has acted as support twice recently, and prices are looking to test this again. There isn't much support after that, so things could drop further if it breaks through.
On the other hand, prices are stabilising inside the flag, and the MACD divergence is a good sign.
The over-aching question is just how much has Brexit been priced in.