Refer to Elliott Wave Principle, I think now CLA is in the midst of wave 3, in below chart, I use of the coefficient of 1.618 for uptrend and 0.618 for downtrend calculation, from the estimation according to Elliott Wave Theory, we can see wave 3 target price is 0.25 and wave 5 target at 0.41 at least. This is only based on my experience of Elliott wave knowledge in combination of current JORC news, certainly there also may many other possiblilites of gragh.
For fundamental aspect, CLA's cobalt is sulphide with 100Km of DOF, the grade is also between 0.14% to 0.17% which are very high in ASX peers cobalt company. Just see how COB perform in past few months. Can we expect CLA to copy COB?
DYOR and GLTAH!!!
Adopt Elliott Wave Principle to Analyse CLA Share Price In Near Future
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