ASXSignalCentre

New manufacturing partnership is drawing in good volume

Long
ASX:CG1   CARBONXT GROUP LIMITED
Some interesting levels here. Price is breaking out from resistance around 0.270 and a clear break could see this level become the new support range. Recent news around manufacturing partnership seems to be driving good volumes and projected revenues are looking strong. First target area around 0.370 with a long term target anywhere from 0.450-0.540. Looking for an entry on a positive candle closed above resistance on daily timeframe.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.