Morning MOOSHMAN, I agree mate looks like they are playing with the chart again. If they can get it to 34c as the T/A is suggesting I would watch for the bounce IMO. Although having said that it doesn't always work that way.
They might be trying to trigger a few stop losses and we know from past experience if there is (as there appears to be) a buyer in the wings they tend to snap up what shares people sell and we tend to never quite get as low as T/A suggests.
And those hoping to re buy/enter at the lower level tend to miss out. After all one other thing I forgot to out line was asset sales. We have heard reports as yet unconfirmed by CNP from various sources that CNP has managed to begin selling assets.
I think that might be our left field announcement and coupled with the May 30th announcement could be the surprise we are waiting for. Hence I think they seem to be keen to get shares and are not hiding it all too well hehehe.
Good luck today mate I will be watching closely as CNP has been known to do the unexpected and Fridays are fun to watch.
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