CNX chart below. Must admit, I am feeling a little bearish short term. Possible H&S forming, with typical lower volume seen on right shoulder. Couldn't break back over 47c in the last few days, which is an obvious resistance point. MACD/RSI turning down. I sold a decent portion of my holding last week, as world indexes appear to be heading for a possible correction.
I think there is some fantastic news just around the corner for CNX, but will now wait for a break of 47c, or a possible much lower entry.
It hurts me to sell this stock, as I am a true believer in the technology. Would be a worry being long if it closes down below 38c.
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CNX chart below. Must admit, I am feeling a little bearish short...
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