CTP 1.89% 5.4¢ central petroleum limited

Chart n chat, page-9

  1. 1,588 Posts.
    I will say this slowly for the Newsouthwalians to decipher Madmacs chart.

    You need to look at Madmac's chart and associated words which tell the story.
    10c to 27.5 c historical vertical yellow line on LHS = 17.5 cent difference
    19 to 36.5 c projected vertical yellow line on RHS = 17.5 cent difference. Note this is projected off the resistance line of 19c and is possible future direction of the share price.

    The pitchfork is the red and 3 white dotted lines.
    The blue part of the chart will slowly migrate down to 19c (which is the SPP price) shown on this chart as 14th December or intersection of the red and lower of the 3 white dotted lines.

    This is purely my understanding of what Madmacs has put up and trust I have interpreted it correctly.
 
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5.4¢
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1 28332 5.3¢
 

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Price($) Vol. No.
5.4¢ 31507 1
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