CTP 0.00% 4.9¢ central petroleum limited

possible head and shoulders top forming ?, page-13

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5565
    No offence Taken...

    Well I see hotcopper as a forum for opinions to be expressed both +ive and -ive... My opinion is that I would like CTP to be a $1 stock (20c in the pre consolidation money) which is not unreasonable I think and for everything to be hunky dory.... but the message the charts are telling me and the message the company is giving me via anns (When they let us know that is) don't align with this $1 valuation view.

    Charts are saying to me shareholders may not be entirely happy, company announcement language is soft says "encouraged" and "Incidents Occured" and "Delayed" ... All anecdotal evidence yes but not to be ignored.

    Take it or leave it even bury your head in the sand ... but fact is fact. Chart is now particularly bearish it was bearish before I started posting about it... I just pointed out what was already there.



 
watchlist Created with Sketch. Add CTP (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
0.000(0.00%)
Mkt cap ! $36.26M
Open High Low Value Volume
4.9¢ 4.9¢ 4.9¢ $3.12K 63.66K

Buyers (Bids)

No. Vol. Price($)
3 291333 4.9¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 9000 1
View Market Depth
Last trade - 13.27pm 16/07/2024 (20 minute delay) ?
CTP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.