KAR 2.32% $1.77 karoon energy ltd

Ann: Shaw & Partners Briefing Presentation, page-13

  1. 1,091 Posts.
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    Possibly a future 'issue' too, as perhaps they have other plans for some extra, institutional capital, at a later date. ( hypothesizing, of course)

    Bit of a little doji on the daily today, but the 2 hourly showed a bit of wicking, so maybe a little more selling until it finds support around this area.

    If not, at a worse case scenario, we might see $1.50, but that would have to mean something was VERY problematic in the system somewhere, which appears unlikely, so far

    As mentioned previously though, the 3 year , 200 EMA was triggered today, so a bit of an uptick in oil at these levels may bring buyers back into the register pretty rapidly.

    Interesting times with lots of volitilty and hopefully an excellent entry point shortly for a long term hold...
 
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$1.77 20109 2
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