cnx sp momentum

I nearly put up a chart last night but things looked a bit weak to me and I did not feel confident that a trend had begun.

The chart is still showing some weakness but things look to me to be firming up a bit. Although the momentum is positive it is too early to start calling a trend IMO. The depth firmed up a bit today and the selling was more hesitant.

All and all I read it that some people are willing to take the quick profits they might have gained from the recent price plunge .... but there can not be too many of them since the reduced price was not on offer for long. Any informed long term holder surely knows that the Co is starting to realize its long awaited potential. IMO prices will now rise [although they may do so slowly ... there still seems to be a few willing sellers at these prices].