CTP 0.00% 5.2¢ central petroleum limited

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    Stoxline suggests that we may be ready to see a new trend

    CB


    CTP.AX has closed below upper band by 26.0%. Bollinger Bands are 41.2% narrower than normal. The narrow width of the bands suggests low volatility as compared to CTP.AX's normal range. The bands have been in this narrow range for 30 bars. This is a sign that the market may be about to initiate a new trend.
 
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