CNX carbon energy limited
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oversold

  1. craigl
    461 Posts.
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    23/06/09
    16:54
    Post #: 5314574
    5 day, 10 day and 20 day slow stochastic all indicate oversold in the extreme (down to the 5% band).

    38c was support. It closed at 37.5 by virtue of one share (manipulated) so I don't really see it as an issue.

    By rights this should retrace back to 47-48c. However, if market sentiment continues at this pace we may hit resistance around 44c.

    What are your views short term?
    CNX Price at posting: 36.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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