re: coe strike oil - ta I was only responding to eccoi as he/she wanted some technical analysis. I am well aware T/A will not always be of use when strong fundamental data is released, such as drill results. That is why I stated I knew nothing about the company and made it clear it was only T/A.
I realize 26c is a hurdle - that is the 23.6% fib level I mentioned. I stated the stock price had trouble penetrating this level. If it breaks out of the triangle to the upside it would virtually clear this fib level in the process. The next resistance then would be 27.5c.
I find it peculiar that you dismiss T/A as worthless, and then you give us some T/A of your own about the long lower wick on friday being a bullish sign.
It was only a 0.5 cent lower wick - hardly bullish!!
Let me guess you own some of these?
Commy
coe strike oil, page-23
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22.0¢ |
Change
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Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.5¢ | $235.4K | 1.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 649700 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 268198 | 27 |
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| Last trade - 15.28pm 19/07/2024 (20 minute delay) ? |
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