CVN 3.33% 15.5¢ carnarvon energy limited

Well Smoo54,As I posted earlier, I went to a seminar and the...

  1. 11,875 Posts.
    Well Smoo54,

    As I posted earlier, I went to a seminar and the technical gurus software was telling him $2.50...and his eyes lit up when he saw the pattern

    I opened my TA book and a "saucer bottom" pattern was telling a similiar story

    although oscillators like MACD and stocastics will be telling you its getting close to overbought and time for the traders to sell - a bad announcement and down she flys . similar story with bollinger bands

    The news filtering through is confirming the pattern in my opinion, but investor psychology is telling me there will be a lot of sellers close to and past its previous high
 
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