CNB 2.59% 56.5¢ carnaby resources limited

Pointyfigures, a fascinating chart, thanks for posting.it would...

  1. 9,239 Posts.
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    Pointyfigures, a fascinating chart, thanks for posting.

    it would be fair to say as per your call that The SP didn’t convincingly breach the uptrend support even though some sales were recorded around 69c.

    looking ahead, support and resistance lines would appear to be set to meet in coming months.

    but I suspect that won’t actually happen and before it could happen there will be an upside breakout.

    whether the current stunning rally on geotechnical news is enough of a catalyst to cause that isn’t known yet.

    but there’S a lot of exploration activity underway on eastern and western fronts, news from which could drop at any time.

    we don’t see many rallies of this order arising from geotechnical news like IP survey results.

    CNB was obviously excited enough and realized the material nature of the first 9 lines in the 24 line IP program to get news out asap. Presumably more of these results from the remainder of the IP work can be expected in the short term.

    i was reading in an essay on a Microcapclub forum about how to make the most an opportunity like CNB presents.

    one thing that stuck out if you’re looking for serious multi bagging as many are with CNB: don’t invest where instos are, invest where they are going to go.


 
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