CTP 7.69% 4.8¢ central petroleum limited

Tas,The candles and rises with which I prefer to draw analogies...

  1. 353 Posts.
    Tas,

    The candles and rises with which I prefer to draw analogies are those from 26/8 to 1/9 which took the sp from 0.12 to 0.19 and from 30/10 to 5/11 which took the sp from 0.069 to 0.125.

    I'm no chartist, but it appears to me that there is minor resistance at 0.13, 0.18 and 0.19 (again, no chartist but believe that minor resistance is in layman's terms where the sp stops a rise whilst in a downtrend).

    The first major resistance (i.e. where the sp reached its peak in an uptrend) is at 0.295.

    If there is any chartist out there who could give a more in depth analysis, then that would certainly be interesting.
 
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