CVN 5.13% 20.5¢ carnarvon energy limited

CVN Chart

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    I looked for a CVN charting thread, but alas, there isn't one, so I am going to insert one here. Hopefully it's not a one person Karaoke Booth in here

    The current CVN chart is interesting. 13c, which was well and truly resistance through late Feb/early March has now become support, having bounced from there no less than 5 times. The RSI is pretty stable at about 54, and the MACD is showing signs it might be going to reverse again to have another go at the longer term resistance at 15c. Volume is low, so with an uptick there, we might be move past it with ease. Looking promising.
    Screen Shot 2018-03-18 at 5.04.49 pm.png
    Last edited by Zenzen: 18/03/18
 
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