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Old 04-26-2008, 08:36 AM
Naamplao Naamplao is online now
Junior Trader
 
Join Date: Jan 2008
Location: Alberta, Canada
Posts: 116
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Connacher O&G had a slight pullback but overall it is still looking pretty good.

Here is the SharpChart that I use

CLL.TO - SharpCharts from StockCharts.com

The RSI has fallen out of the overbought zone (hence the pullback) but the TRIX , Accum/Dist show a nice positive trend.

The share price is tracking the upper BB nicely though the BB's are wide apart so I would expect some sideways movement next week.

You can see from the P&F chart below that the $4.50 level is an extremely stong resistance level but rising above this point leaves wide open skies for a while.

From the 5 day linechart from Yahoo we see the BB's are tight. I think we will see another assault to prices approaching the $4.50 level soon.

Strong oil prices and increasing production make the future look good for this stock IMO.
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I am not a broker....just a chartist that retired 4 years ago and invests in the stockmarket. Do your own DD and accept or reject my observations as you wish.
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