This is a game for people with a lot of money and computerized trading software.
I think so too.
If you look to the chart it's strange the sp closed at same point at 0.75 for 4 days in a row.Volumes however are not higher than normal so could be traders are involved .With oil back up recent days you should expect to se a move up to .90 again.
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CONNACHER OIL & GAS LTD |
Daily Commentary
Our system posted a HOLD today. The previous BUY recommendation was issued on 02.13.2009 (13) days ago, when the stock price was 0.8900. Since then CLL has fallen -15.73% .
A Warning is in order! The previous BUY signal failed. Downward momentum now reached to intolerable levels.
You can either wait for a new bullish alert or sell the stock immediately. It is up to you. We owe you an apology.
You can play the short side assuming all risk if you want to. Our stance, however, is currently neutral in this matter.
Data provided by: End of Day Data
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Candlestick Analysis |
Today’s Candlestick Patterns: Black Spinning Top
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