CXO held up remarkably well. I know it's a negative day but I am starting to think the selling volume in CXO is tapering off. it opened at 1.20cents and buyers (including myself) stepped in at the $1.20 range. This range has been tested 4-5 times within the last 30 days and seems like bulls have the advantage... The buy-seller breath is relatively even now and not lopped sided like it has been for the last couple of weeks. I was expecting the sellers to really hammer it in today but to my surprise, common sense prevailed.
Just a sign of positive momentum in the CXO.
Who know what tomorrow brings.. i think CXO will do okey next week if the US market doesn't lose its cool/ or be in a dummy spitting mood.
CXO held up remarkably well. I know it's a negative day but I am...
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