CWE
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0.00% 4.2¢ carnegie wave energy limited

updates ???, page-53

  1. Lodiac
    2,904 Posts.
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    19/05/14
    13:52
    Post #: 13384447
    PrimoTrader,

    Yes, it's possible. There is still support at 5.0c. After that, plenty at 4.7-4.9c and hopefully that holds it up until they announce the buoys are in the water.

    Should it drop below 4.7c, there is no support at this stage and it could free-fall. But IMO a recovery is more likely as it looks a bit oversold (green circle).

    CWE Price at posting: 5.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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