Technical Analysis, page-94

My Comsuc chart is not showing same Mat.

Yours maybe more accurate.

Mine indicating Slow Stochs still rising into O/bought WITH upward trend rather than yours indicating a down ward trend.

So all depends on WHOSE is correct !!!

Devils advocate, Yours is correct then yes it looks like we may see a HEALTHY retracement to fill the 7 to 7.5 gap.

HOWEVER I notice , as you rightly point out, the intraday has indicated a partial retracement WITH INDECISION as the flag is a balanced pennant rather than skewed up or down.

We clearly saw the interesting battle yesterday unfolding and as the last small bar indicates the sellers had the ascendancy late.

BUT Its fair to say I have never been in a stock that has moved like this has, and my chart reading has evolved pretty rapidly. Maybe its the clarity of the move that makes it easier to read, I don't know.

I guess what I'm trying to say is very similar to what the market is saying, it could go either way.

Like others have said, without news it MAY retrace down to 7c. With GOOD news (super permeability confirmed/ that is FREE FLOWING hydrocarbons not needing too much stimulation and possibly Kuparuk EXTRA reservoir potential) it will continue its move up on bulldozing volume.

This is why I was saying I interpreted a further move up coming with the MACD separation AND the OBV showing a kick up IN MOMENTUM too.

Given our charts look different we may not be comparing apples with apples Mat.

d.