CVN 3.13% 16.5¢ carnarvon energy limited

gap, page-2

  1. 3,624 Posts.
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    I'm holding firm and don't believe the 52c gap will be filled. My interpretation was that this gap was underpinned by some substantive data ie reserves upgrade. On this basis I would describe it as a breakaway gap and am not therefore looking for it to be filled.

    The subsequent gap at 56/57 I think was traders moving in...it's refill is basically those same traders unwinding what they now perceive as dis-interesting positions. This gap has been filled and I think represents an important support level.

    Today is more about skittish markets and the sagging POO.

    Having said the above some large parcels have been crossed so I am watching closely.
 
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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