i had a cup and handle theory a while back and i think its coming to fruition now. with the cup begininng aprox, 6th oct 08 and finishing aprox 30th march 09. top of cup is 52c and bottom 20c. then there were 2 handles one through april and another through may june and most of july. the second handle is now complete. this signals a BREKOUT equal to the depth of the cup which is 52-20=32c! indicating a target of 84c which was the old resistance of june/july '08. then 55c was the support and it has now become resistance. once we break 55c it will again become resistance.
CNX Price at posting:
51.7¢ Sentiment: LT Buy Disclosure: Held
