CNX carbon energy limited

more of the same, page-6

  1. 10,752 Posts.
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    I dont knwo who this person is but up until the EOFY there were large Xtrades so I susepct this person may have "sold" by transferring to one of his funds eg SMSF.

    I was hoping that all this selling would abate come 1 July but it has not and not so many Xtrades happening today.

    Could it be traders dumping due to downward momentum caused ? I dunno. There is no ann that should cause this dumping today. Nothing that indicates something is amiss so its all a bit strange. The 0.370 from TA perspective is critical as the next support level according to my analysis
    is down at about 0.33.

    I had determined that my stop loss at EOD trading was to be 0.365. I dont like taking that loss as it is quite large.

    A calendar of expected updates can sometimes influence things adn 12 July is the dfrom memory the date to vote for the placement if shares at 0.43. If these are taken one would expect themarket to value CNX at 0.43. IS it possible that CNX may have to revise the issue down ??
 
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