CUL 0.00% 0.6¢ cullen resources limited

no worries about the long term but short term it is going down...

  1. 165 Posts.
    no worries about the long term but short term it is going down for consolidation. one figure u missed is the buy side of depth, it is getting slim while the sell side is thickening. If it can get substantial support at 15 cents, your theory will go on, if it doesn't, then a lower support at 13c ( may even see 12c ) is not impossible. I sold out at both 18c and 17c for my 2 parcels and will come back around 12c in a few weeks before end of Jun. New turning point will be mid of jul and end of jul as CUL has always been slow reaction to the market. Ultimate long term is 50c in the next 12 months! and $1 in 24 or 36 months. Definately beat any funds and bank rates!
 
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