CXY cougar energy limited

competition time, page-4

  1. 40,102 Posts.
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    FF

    Only because it is Sunday night ... I wouldn't normally get sucked in to something like this.

    I just noticed the 30d sma has crossed up over the 200 d sma sometime between 14-20/5/09 ... last time that occurred was about 21 days before the last peak.

    If the pattern was similar that would make a new peak sometime between 5-11/6/09.

    But the market was HOT last time and the rise was very steep. This time the track from the previous peak to low to now is a beautiful symmetrical "smile" and a sudden breakout often occurs with such a pattern imo. This time the market is likely to be more cautious.

    I'll go with the nearest trading day to 17/6/09 ... which is good as I chose CXY as one of my shares in the June HC tipping comp earlier tonight.

    Here's hoping.

    Dex
 
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