Hi folks, the chart is starting to look healthier, we could be very near or already at the bottom, we're about to test the falling wedge resistance line, we also have what I think is called a positive convergance of the MACD & shareprice. Moving averages have also crossed upwards.
The normal price action of a falling wedge formation is to break out and drift sideways on low volume for a period followed by a sudden strong move north, (this price action would probably fit neatly with the lead up to feasibility study & a positive outcome)I'll be keeping an eye (for buying) to see if the SP makes one more hit on the supportline of the falling wedge, just on market weakness, I'm thinking the markets are very close to turning south again.
Happy hunting :)
CRK Price at posting:
46.3¢ Sentiment: Buy Disclosure: Held
