KAR 0.93% $1.61 karoon energy ltd

trading year to date, page-29

  1. 5,335 Posts.
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    Hey Swannie

    Hope you caught up with this article in the Age.

    Fibonacci retracement, double bottoms, 30 day moving averages - the lot.

    http://www.theage.com.au/business/reap-the-rewards-of-this-merry-dance-20120213-1t25r.html

    I've got nothing against the idea of charting (everything follows trends) but the line in the article that says to place a stop/loss at 40cents (25% below existing price) suggests not being that confident about the future SP movements.

    PS Andreas - no further delay atm unless you believe that an indicative start date means it must happen at 6.00 am sharp on that exact date.
 
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