Connacher Oil & Gas Ltd CLLZF

RE: Cup and Handle - Skeeter

[Wellsitter]

No doubt, if the price of oil tanks, the shares aren't going to go counter-trend. I don't expect that to happen though as the next leg down for the US$ is already establishing itself and oil trades counter to the dollar's value. As noted in my previous post, I have developed my own MACD configuration and it is this indicator that I am placing my (likely ill-founded) confidence in. It's a pretty good predictor of momentum though. At present, CLL technicals are a screaming "BUY".