TSXV:CVI.P - Post by User
Post by
Anewtraderon Sep 10, 2004 9:54pm
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Post# 7907868
It's not a bad week after all
It's not a bad week after all Volume is increasing and investors just love increasing volume on a stock!
Technically CVI have done an hammer (to be confirmed next week) This indicate a turnover of the current downside direction. Starting this week, we shall going to 1.50 level in a short period of time. Then a little pullback to 1.20 level and then return to 1.50 level to complete an inverted H&S. After that it will depend on block 9 declaration of commerciallity. If this occurs as I beleive it will, the stock will skyrocket to 2.50 by year end. Depending on results and futur development the stock could reach the 5.00 level next year if an average of 12000 bpd is forecast.
Just my opinion. Do your own DD...