CTP 1.96% 5.0¢ central petroleum limited

Chart n chat, page-3

  1. 25,374 Posts.
    lightbulb Created with Sketch. 3
    Hi Karll sorry late reply but nothing really urgent here...I was asked elswhere for a quick squiz view...

    re the FA timing:

    I believe there will be a rerating now the pipeline is cleared
    however the brakes will be on while the CR takes place at 19c
    Dont expect any retail offers....now ???
    "The closing date for the 2015 SPP is Friday, 4 December 2015 which may be brought forward if the 2015 SPP is oversubscribed."

    Seems pretty likely doesnt it.....The numerous posts on the forum today will make more sense than my crude view of things..

    anyway for the TA timing:

    The chart shows a fairly typical retrace and sideway accumulation at the moment before resuming it next breakout...which is targeted at The Yellow Flagpole height being reproduced as the first price target..On the chart this roughly coincides with the Andrews Pitchfork Midline.
    get back if thats not enough for you ..
    We havent looked at current momentum oscillators to fine tune any trend changes in the short term....cheers
 
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