The CNX trading of late is similar to PEK two wks ago.
They had a good announcement and it opened much higher, went up for a bit then down for the next 3 days. So my take was that short-term traders bought in to hopefully see it go up even higher, but when it started to decline because people were taking profits, they sold. Went from 82c down to 70c. But 2 wks later it's in the 90's.
I think this is the same for CNX. IMO this should head north tomorrow or early next week if the overall market sentiment is good.
CNX Price at posting:
32.5¢ Sentiment: LT Buy Disclosure: Held
