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Bullboard - Stock Discussion Forum Canamax Energy Ltd DTEYF

Energy Oil & Gas E&P

GREY:DTEYF - Post Discussion

Canamax Energy Ltd > If You Want To Buy Oil
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Post by fortfry on Mar 21, 2015 11:19am

If You Want To Buy Oil

The bear has destroyed alot of money but CAC has a great chart for a stock in a bear market sector. The 50 day moving average is 60 cents and the 200 day is $1.07. Right now the shares are trading with upside resistance at 50 day moving average but if they breakthrough next upside resistance is the 200 day. 10000 CAC.wt that dont expire for a year can be bought for 100 dollars. Just too cheap. Downside risk 100 dollars. Anybody thinks oil can breakout to the upside in the months ahead should have some
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