CCU
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0.00% 5.8¢ cobar consolidated resources limited

Ann: Silver Hedging , page-10

  1. El Capo
    2,859 Posts.
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    25/06/12
    13:55
    Post #: 10348206
    fbx, my expectation is that CCU will retrace back to the 76.4% fib level of the range from 2010 low to 2011 high at around 37c. Interestingly that is also around the level if the 2009 high of 41c. Expect a bit of overshoot so perhaps around low to mid 30's for final pullback low.

    EC
    CCU Price at posting: 54.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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