CMR 0.00% 15.0¢ compass resources limited

possible takeover, page-11

  1. 2,717 Posts.
    A couple of positives from the chart:

    1) The Elliot Wave 5 wave down structure is in place for a turn & the start of at least 3 wave up. So once it turns up solidly its a great buy (although absolute confirmation of trend change would be $1.36 ... ie bottom of wave 3)

    2) Last gap is @ $0.38 from 8 March 05 .... although that is hardly comforting)
 
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