director buys on market, page-50

I had been expecting a pullback today to the 32.5 - 33 cent level, but bought more on the way down in case I missed the bottom and then had it climb rapidly away from me. Just as well I didn't wait, as today's low only reached 34 cents and only offered a moderate volume (159,000) at that level.

Picking the bottom of a swing is hard enough at the best of times and even more so with a new stock that is still to establish its trading patterns. Still, a pullback from the spike to the 41 cent high was always likely and offered a good opportunity to top up, for those who were looking to do so.

The clickable chart below may be of interest to some, at this early stage of CVE's trading history. It can only be used as a rough indication, and not a defined pathway for future price action - obviously. The chart has some embedded comments.

Any comments or alternative views are welcomed, for our mutual benefit. Many heads are better than one, particularly when that one head is only mine.



Regards,
Bones