CVN 0.00% 19.5¢ carnarvon energy limited

A chart. A ridiculous looking chart, that bares little...

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    A chart. A ridiculous looking chart, that bares little resemblance to many I have ever seen.

    That gap is a breakaway gap in my opinion and I cannot really see what would ever cause it to close barring a catastrophic plunge in the oil price. Even if 45c is the top of the current run, and I don't think its anywhere near it yet, you'd need almost 100% Fib retracement to close it. Not going to happen. Forget that gap. Or reference it in future years as the ultimate example of a break away gap. Most gaps fill, this one won't.

    Screen Shot 2018-07-24 at 7.43.19 pm.png
    Last edited by Zenzen: 24/07/18
 
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