with the huge momentum that is being built up in global stock markets/oil markets at the moment it will be interesting to see what happens to the shareprice of CIG leading up to the oil exploration results from the Kyrgyz Republic.
CIG is currently sitting just below its record high with resistance proving stubborn at the 15.5c level, if this level was to break it may go on a nice run before the oil exploration results due.
it has been consolidating recent gains on lower volume and all we need is that one large volume day to blow through the rest of the resistance to set it up nicely for hopefully good news out of the Kyrgyz Republic.
the last couple of days trading will be very interesting as punters take their positions ahead of the upcoming exploration results, this may lead to the needed volume days to finally blow through the final resistance point.
CIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
