CXY cougar energy limited
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  1. craigl
    461 Posts.
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    06/05/10
    18:17
    Post #: 6665621
    Is it a reversal or a pause? Personally I would wait for a breakout from the (down) trend channel before wading in. Stochastic indicators say oversold, but that is no different to every other stock on the market right now.

    The "up" volume today was only a fraction of what the down volume has been. Momentum indicators are still trending down.

    I would wait for more confirmation of a reversal to play it safe. Just my opinion.
    CXY Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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