CTP 1.85% 5.5¢ central petroleum limited

chart, page-13

  1. 24,192 Posts.
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    Well personally I see some weakness for a few days as a bull trend mini retracement is likely here and should shake a few loose apples from the the tree...

    No stock travels straight up without some pull back It is healthy and good IMO... I've always been of the view that if you have a large spike without pull back the you get a large retracement... We have a decent run and bulls are having a rest ...well earned in fact.. The next leg of rally will take us just below 20c I reckon ... Perhaps late this week or early next would seem the logical timing assuming there the is no reports released and no market collapse.

    As said elsewhere it is generally safer to enter after a retracement than during a rally which has been in progress for a while ... So if your looking to get a cheapish entry relative to the current price action you may want to consider buying the weakness

    All is IMHO DYOR
 
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Last trade - 12.21pm 19/11/2024 (20 minute delay) ?
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