CVN 3.23% 16.0¢ carnarvon energy limited

Ann: Buffalo Project Update, page-281

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  1. 1,457 Posts.
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    Interesting Weekly Chart, and I suspect that most price movement is, and will be related to Oil Price.
    Gaps are often filled, but ot always.
    Gap 1 was filled.
    Gap 2 was filled.
    Gap 3 not filled yet.
    Require price decline to $0.20.
    Can't see that unless there is a significant decline in POO, and/or 3 dusters in the upcoming drills.
    I can't see any really strong support resistance (bases on price and volume) levels close to current price.
    Possibly at $0.24 unlikely ot go this low), $0.27 (this is possible on oil price weakness) and maybe current $0.295 will be support ..
    .
    https://hotcopper.com.au/data/attachments/3836/3836470-a03664e5d0a48f9138b3a5b524ad6e21.jpg

 
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