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CODAN LIMITEDCC

CODAN LIMITED

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CDA trade ideas

Buying idea CDA with a stop at 15.19CDA has done well and last earnings has jumped. with this the price trading at almost longterm high. had build a good base just above 50 day MV. with positive market sentiment this share can go to next level if it can break this level. at 5% risk good place to get in and see where it will go next :) DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
ASX:CDALong
by Gihanhemachandra
CDA - Absolute Return following a 14 Day RSI move below 20The Codan Ltd (ASX:CDA) 14-day RSI has just moved below the 20 level (1st move below 20 in at least 20-days). Since 2003, indicator weakness below 20, was usually the forerunner to some short-term upside. The 16-day average return, following CDA's 14-day RSI move below 20, was 8.53% with a win rate of 10 from 11, median 5.59%, & standard deviation of 13.33%. The 16-day average relative return vs the All Ordinaries Index was also reasonably robust at 5.34%, with a relative win rate of 10 from 11, median 4.13%, & standard deviation of 10.57%. The average price target of the 6 analysts surveyed by Refinitiv is $18.04 or approximately 30% higher than the current price.
ALong
by UnknownUnicorn25462132
1
$CDA:ASX - CODAN - Breakout through resistance with volumeCodan looks to have pushed through that resistance area with a retest and new volume behind it. Moving averages spreading apart nicely. Global operator with government clients who don't tend to curb their spend i downturns. Might be worth a watch. Current demand is 61 buyers for 106,346 units with 29 sellers for 47,241 units Codan Limited develops electronics solutions for government, corporate, non-governmental organization (NGO) and consumer markets across the globe. The Company's segments include communications equipment, metal detection and tracking solution. The communications equipment segment includes the design, development, manufacture and marketing of communications equipment. The metal detection segment includes the design, development, manufacture and marketing of metal detection equipment. The tracking solutions segment includes the design, manufacture, maintenance and support of a range of electronic products and associated software for the mining sector. The Company's technologies include radio communications, metal detection and tracking solutions. It also serves aid and humanitarian organizations, mining companies, security and military groups, and artisanal miners. The Company operates in Australia, Canada, the United States, China, the United Arab Emirates, South Africa and Ireland.
ALong
by zAngus
Bottom Fishing at the right Market Timing (VectorVest)With the help of VectorVest, we knew that the Aussie stock market just reverse from the bottom on 22-Jun. Therefore we apply a Bottom Fishing strategy called "VST Mighty Mites" Parameters modified as follow: • Sector <> Energy, Materials, ETFs, Telecom Services, Utilities Results of Top 5 stock descending by VST*GPE/RT are HPI.AX, RFF.AX, GDI.AX, CDA.AX, AVN.AX Since we are bottom fishing low-priced stocks with good fundamentals that have been beaten down. We are looking for the ideal stock(s) with RT < 1.0. By looking at the RT values from these 5 stocks, HPI.AX RS = 0.82 and RT = 1.09 RFF.AX RS = 0.89 and RT = 1.13 GDI.AX RS = 0.99 and RT = 1.04 CDA.AX RS = 1.36 and RT = 0.91 AVN.AX RS = 0.91 and RT = 1.05 Just a few seconds, we will pick CDA.AX. Also, CDA.AX has an RS of 1.36, which is very good on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. When to buy ? Price action showed a low test bar lying on an up-trend support line in 22-Jun, therefore buy at market open on 23-Jun When to sell ? Rejection area near Fibonacci Channel 100% level
ALong
by SoloTraderAU
1
Red & Green low test bars within 4 daysThere are no big differences between red and green low test bar. The important thing you need to know is the read the price actions correctly. Ask yourself many “W” types of questions, such as: • Why is there a low test bar near $2.05? • Why is there a low test bar near $2.17? • What prices are significant support and resistance? I believe this is a correct way to learn technical analysis in terms of a lot of mind read. CDA is going to take off from support level S1, and may reach the pink cross position near $2.30. Will it break the down-trend line? To answer this question, we have to wait a few more bars for any hints.
A
by SoloTraderAU
5