CNX 0.00% 7.4¢ carbon energy limited

cup and handle

  1. 127 Posts.
    Don't know if you guys recall, but i started a thread a number of months ago with the same thread title. if you follow the lows, which i regard as the base value for the stock, there is a clear cup and handle forming. this shows a bullish breakout signal (provided the broader market maintains its current postition) within the next week or so. Even with the ENB ann, and the last few days of choppy trade, CNX is still in a bullish trend which is probably obvious to everyone anyway!

    Sorry for the poor chart, i don't have access to e-trade so a little photoshop alterations is the best i could do.

    cheeers.

 
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