CTP
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0.00% 5.3¢ central petroleum limited

Well CTP is sitting on the 61.8% fib @ 14c from the high of 20c...

  1. meringo
    4,797 Posts.
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    06/12/12
    15:32
    Post #: 11156135
    Well CTP is sitting on the 61.8% fib @ 14c from the high of 20c pretty much text book.

    The 'U' order of yesterday disappeared I reckon it was dropped in to scare a few sellers fundie's whoever. Basically it was saying ' you wanna sell I'll take everything you got' my take is it had the desired effect.

    The contrarian view is there's a big buyer out there on the sidelines.

    CTP Price at posting: 67.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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