CIG
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0.00% 6.0¢ caspian oil & gas limited

CIG's chart is turning around, a cup and handle pattern is...

  1. saggito
    1,288 Posts.
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    04/09/09
    17:23
    Post #: 5600653
    CIG's chart is turning around, a cup and handle pattern is forming with a breakout around 2.8 cents and a target of 4.8 cents. Breakout can't be guaranteed but further improvements in the share price will improve the chances of it happening. If it does happen it is likely to be a few months away. In the meantime it would be good to get an update on oil deliveries to the local refinery from management.
    CIG Price at posting: 19.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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