CVN 1.52% 16.8¢ carnarvon energy limited

Recent comments on CVN, page-106

  1. 8,709 Posts.
    lightbulb Created with Sketch. 243
    Hey mate,

    Mixed feelings about today's action.

    1) The breakout occurred on very small volume which decreases the chance of it holding the breakout
    2) It still broke out even though POO dropped 5% last night

    Will see how it trades over the next few days with a comparison to the POO to see if I will take a position.

    Remember though TA is just one aspect, your knowledge of the FA can throw all this out the window, however because I don't know much about oil I have to be guided by the chart when taking a position.

    CARNARVON PETROLEUM LIMITED.png
 
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