palta - carnarvorn basin, page-3

Chevron's new gas finds buoy prospects for other Carnarvon hopefuls

The following article supports the theory of nearology although not specifically referring to STX it talks about other juniors in the area.

http://www.proactiveinvestors.com.au/companies/news/37747/chevrons-new-gas-finds-buoys-prospects-for-other-carnarvon-hopefuls-37747.html

Charts are looking very good at the moment. After holding support at 11.5c Fridays close of 13c is looking very positive. A number of indicators are recovering from an oversold position and at 13c it looks like the down trend which started back in October may be about to swing up. At 13c it has broken a simple 20 day moving average. MACD crossed over 4 days ago. Will look for confirmation on Monday but should test 15c some time next week.Depth of buys to sellers looks exceptionally good as well. My only concern is it appears a larger shareholder has been off loading for a while although there has been no change of interst put out as yet.