bullish on cnx

Here are a couple of charts displaying why I am very bullish on CNX...

I think they are quite self explanatory, and demonstrates (in my opinion) the very oversold state CNX is in.

It is generally much easier for a stock to cross the green resistance line when the stock price is low (ie. where the purple circle is). If history is any guide to future share price action, then we are pretty much now due for a large break-out to the upside. Pete can probably provide some prettier charts.




How big could the next leg up be?
I think the next chart displays what 'could' potentially happen.




As always, don't base any investment decision on this advice, and Happy Trading!