CNX 0.00% 7.4¢ carbon energy limited

carbon energy ucg trial update ..., page-22

  1. 7,432 Posts.
    Oh re charting-
    There's been 17 days of narrow price range.
    This will skew/affect/nullify most Moving Average Signals including any/all Indicators based on Moving Averages.
    I reckon the only Bullish Signal will be a run up and stay there of 27/28 on at least say a million Volume ie 26 returns to be support.
    Xmas week/New Year is well known for abborations,mainly because of low volumes but CNX has already gone thru a period of that.
    Remember Down Trends can continue/start on insignificant Volume.Don't fall for It's Down another 10% but not too many are being sold.Calculate WHY it's NOT being Bought/Snapped Up at the new "bargain" price.

    Leaveya2it.
 
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