I have only been using HC for a few months to enter into the shares market as I normally spend my days trading forex. What I have noticed over a quite a broad spectrum of charts on discoveries, or past discoveries, of other materials and now oil there seems to be something really massive about this 60 level. It seems that prices always seem to bounce off it massively. Now in the forex market round numbers are a significant beast but why 60 and not 50 etc. This makes me a bit nervous about holding long term on new discoveries when they hit 60 and I can understand why the masses sell out if they also have seen this. Im stilling holding as my position is at 32 so I have a bit to go before red but I am just stating and asking the more experienced TA share types if they have any insight into this level.
CVN Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
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