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0.00% 0.1¢ continental coal limited

G'day Jackpot....Mate if they're accumulating @ 26c then how do...

  1. DmansDad
    846 Posts.
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    14/02/12
    22:21
    Post #: 9693534
    G'day Jackpot....

    Mate if they're accumulating @ 26c then how do you explain that it has rebounded away from that SP.

    It hit 25.5 & retraced again indicating selling into that action & then it went to 26.5 & retraced again, also indicating that they're selling into the buyers. Selling overcoming buying at those price levels.

    Personally i think it's the SM selling into that price level, distributing.

    I'm expecting a retrace back down to the 22 area.

    See what happens hey.

    Regards
    DmansDad
    CCC Price at posting: 24.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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