CVN 5.13% 20.5¢ carnarvon energy limited

any idea, page-6

  1. 11,875 Posts.
    hi pittyoo,

    I would put it down to many things

    End of year fin year selling pressure
    Overall market performance
    Well high risk, from drilling report does not sound anything really special
    stocks have a tendancy to find it hard to fall below and rise above round numbers e.g 60 cents.

    The fact its holding ground is very promising, in the past I would have expected more of a fall. Good news could send it skyward, surprising everyone.

    A lot of technical traders will be watching this one because of the pattern forming.
 
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