CXO - Chart Thread, page-1248

As much as we'd all like to see this going stratospheric forever, a pullback towards the moving averages was inevitable, and healthy.

It's also good for those shares to go into safer hands.

This is looking much more reasonable. Don't forget we started the week at 54c and are up to 57.5c now.

Looking at the depth (as a noob guide only), it looks like retail sell depth has increased as the psychological 60c mark was hit. A lot of us went in big around the 4c to 5c mark and a 15 x return is hard for some to resist (I personally want to 50 bag this one, for my art! ).

I suspect it will drift down a pip or two tomorrow and the MA's will provide a support level.

Look at all that lovely green. The force is strong with this one:



Expect the Ganfeng deal to be ratified next week.

Oh, and there's a small matter of the PLS next auction on the 26th October - we like those

Posted on the PLS thread - food for thought - what would the "fair value" for CXO be under these circumstances?