Chart is pointing to 70c, well, it's pointing to more than 70c but imo 70c looks to be taken out before Wednesday 12th Dec.
MACD has been crossed (A major buying factor for me) showing new uptrend.
I read 80c before 19th Dec with an absolute chance of seeing 90c by years end or very early Jan... Some oil would help obviously, but this is based on recent run (since self funding) and recent success rates and bopd discoveries.
Against it are production limitations, the world market and market perception.
In it's favour is current 75% success rate and average 800bopd discoveries.
Got a funny feeling it's shaping up to be a very black Christmas :D
70c and beyond
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |