Support line

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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sharky

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Support line

in response to

Re: Missing support

sharky

posted on Sep 19, 2013 05:17PM

I drew a possible support line and until now this one seems valuable.

On 9/11 there was that jump after a new update on their website.So the minest news can trigger a buying moment.But traders try to hold the price under control so that they can load up a lot of shares until next news.So far the 0.33 is next resistance and it will take good supporting news to break it so I think we will bounce until we can smash it.Then we could easily run towards 0.50 0.60 range.