No offence HHG, yes you have made some calls, however personally think that the falls have been due to nothing other than the lack of OIL in first and second targets. It is a spec Oil and Gas play, so standard charting more often than not gets thrown out the window, especially in the middle of a drill.
Always easier to make negative predictions, on a drill with a less than 30% chance of success, the odds are already stacked in your favour.
Is a fairly simple equation, no OIL in next target and strike three and almost out, (almost, because still the possibility of Chorbane), find something that equates to production levels, and this will take off, regardless of whether your chart is in a 'bearish divergence'.
I am out for time being, as stated in other thread, however, good luck to those still holding. Wish you no ill will, and truely hope you get the rewards that you have been hoping for.
Cheers and DYOR
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