CVN - Carnarvon Energy

[Miner]

CVN is still on SELL signal for the Daily and Weekly timeframes. Weekly gap fill at 56-57c is the upside target I am watching to possibly short again.

DAILY. 200ema (54c) is providing resistance. MACD still on SELL. STOC is rising with 1 more day upside possible, before a possible turn down. RSI looks like it wants to head south again. Upside 54c, Down target 42c

WEEKLY 200ema (34.3c) has provided long term support and it still rising 0.1c per week. MACD is on SELL , with STOC (23) and RSI (44). Upside 57c, Down Target 33c.

A break above 60c and hold for 3 weeks is required to turn the wekly SELL signal

Bell Potter Securities recently changed its SELL to BUY at 50 cents for CVN.
I however do read BPS notes but take utmost caution in action.
DNH

 

[HC Victim]

Am a holder of CVN, but due to work commitments I get rare chances to study it in depth, so I appreciate the work other posters do to post their analysis. Tonight i got the opportunity to peruse todays trading, and noticed a bot buying 223 units throughout the day, so if possible, could traders keep a bit of an eye on to see if it is buying or selling?, cheers and much appreciation...

 

[growing]

I have NO IDEA what is going on with this company, it's trading all over the place. This share seems to be heavily traded by short term traders, which plays significantly with the price..

As for predicting if this one will go up or down on a montly basis ? Your guess is as good as mine

 

[Out Too Soon]

Bit sad carrying this stock at present but there is over a million buy @ .485 today & a lot more buying pressure than selling, soooo here's hoping for the holders like myself & for those on the sidelines, be ready if your fingers aren't already over the buy button. I'm tempted but I already have a lot in CVN.

PS watch the oil price too, it's ready to rise, I think

 

[growing]

Bit sad carrying this stock at present but there is over a million buy @ .485 today & a lot more buying pressure than selling, soooo here's hoping for the holders like myself & for those on the sidelines, be ready if your fingers aren't already over the buy button. I'm tempted but I already have a lot in CVN.

PS watch the oil price too, it's ready to rise, I think

I used to take notice of the buys and sells but JTLP pointed out people often manipulate this, throwing in buys or sells and pulling them in the last minute to attempt to create a false impression of buy/sell pressure depending on which way you want the stock to go ... Personally, I don't know how many people actually go through that exercise on a daily basis however I noticed ESG seems to ALWAYS have way more sells than buys yet the price often goes up? This seems to back up JTLP's argument so the bottom line seems to always be .. WHO KNOWS ??

 

[growing]

I don't think there is any disputing the huge buying pressure on CVN today on the back of a Horizontal Drilling which lead to major confirmed new commercial oil reserves...

The latest broker report was of the opinion it had been oversold and now look - it's off and running

Bought some more today myself !!

 

[eddyeagle]

Massive volume and a 15% jump today - cant complain about that!

49c/50c seemed to hold nicely the last few weeks.

Kicking myself for not having the balls to top up at 50c, but was concerned it would go through.

 

[growing]

Massive volume and a 15% jump today - cant complain about that!

49c/50c seemed to hold nicely the last few weeks.

Kicking myself for not having the balls to top up at 50c, but was concerned it would go through.

The last time there was this much buying pressure, the stock pushed 96cents for a moment then it sank as reports of reducing production were announced.

It's not too late to buy back in at this level and still make some serious money

 

[JTLP]

Massive volume and a 15% jump today - cant complain about that!

49c/50c seemed to hold nicely the last few weeks.

Kicking myself for not having the balls to top up at 50c, but was concerned it would go through.

Eddy...

No need to kick yourself for not topping up. Were you to know of this imminent announcment? Volume was up in the preceding days but imagine had the news been bad?

Will be intriguing to see how much CVN pulls back tomorrow. A fantastic result but there is bound to be profit takers...just out of curiousity...is that the biggest day for volume CVN has had? 20 million sure is big.

Also wondering if big Ken has shed even more...

xoxo

 

[eddyeagle]

Blink and you miss it!

A 24% gain in two days!

Another big day of volume today with 17 mil traded.

Great too that it's cleared 60c - thought there may have been some resistance around that area?

 

[Garpal Gumnut]

I'm back in this little beauty, never lost on a buy/sell, it has amazing legs. Somebody knows something they are not telling everybody atm. The smart money is piling in.

gg

 

[johnnyg]

I have 'brought' 1/2 position @ 0.53 on Friday. Will buy the other 1/2 if prices get up and through 0.60. Don't like trying to pick bottoms, but feel the potential R:R is too great to ignore.

The last 2 days action is the main reason I put 1/2 in @ 0.53, and now today another 1/2 @ 0.60. Stop is now @ Break even for the 1st lot.

 

[grace]

I'm back in this little beauty, never lost on a buy/sell, it has amazing legs. Somebody knows something they are not telling everybody atm. The smart money is piling in.

gg

Phew, glad to see you back on board gg! When it bounces, it bounces fast. I've never been game to trade this one (lack of time, and lack of courage I think....always worried I'll be out when they strike some more gold....you know, the black stuff).

 

[Dukey]

So much for CVN tanking hey!! A little good news and she's away again as if the last sp dip never happened.

 

[glendem2]

CVN is still on SELL signal for the Daily and Weekly timeframes. Weekly gap fill at 56-57c is the upside target I am watching to possibly short again.

DAILY. 200ema (54c) is providing resistance. MACD still on SELL. STOC is rising with 1 more day upside possible, before a possible turn down. RSI looks like it wants to head south again. Upside 54c, Down target 42c

WEEKLY 200ema (34.3c) has provided long term support and it still rising 0.1c per week. MACD is on SELL , with STOC (23) and RSI (44). Upside 57c, Down Target 33c.

A break above 60c and hold for 3 weeks is required to turn the weekly SELL signal

Gap filled at 56-57c. 15c rise from low 47.5c (02SEP) to 62.5c (17SEP). STOC (92) indicating short term over bought price. A 1-4 day pull back to 54-56c and close above 60c over next 2 weeks will trigger a BUY.

DAILY 200ema (53.8c). MACD signalling potential BUY signal

WEEKLY 200ema (34.6c). MACD still on SELL, but STOC(42) and RSI(52) rising indicating BUY pressure

Current trade set up :

BUY 54-56c STOP 52c TARGET 88c

 

[glendem2]

CVN has not triggered a Long term BUY signal. Price dropped to 51c (02OCT).

DAILY
58c (50ema) has only been broken once over the last 3 months on 17SEP
48c (200ema) has been providing support.


WEEKLY
52c (50ema) is acting as support. Watching for a break below this month. If 52c does not hold, then I will wait for support at 200ema.

35c (200ema) is a Long term BUY price and been strong support for the last 3 years.

 

[Garpal Gumnut]

Phew, glad to see you back on board gg! When it bounces, it bounces fast. I've never been game to trade this one (lack of time, and lack of courage I think....always worried I'll be out when they strike some more gold....you know, the black stuff).

grace, mate, I feel CVN may be ready for a run up.

Its showing a flag formation over the last week or so.

I'll be buying some tomorrow.

gg

 

[grace]

grace, mate, I feel CVN may be ready for a run up.

Its showing a flag formation over the last week or so.

I'll be buying some tomorrow.

gg

Thanks for your TA gg. Hope you get the call right. I still hold. Waiting with more cash though if we do get that October wobble.

 

[Miner]

grace, mate, I feel CVN may be ready for a run up.

Its showing a flag formation over the last week or so.

I'll be buying some tomorrow.

gg

Good luck GG.

Interesting : contrary to your decision one non executive director Ken Judge sold 1 million shares (50% of total trade of the day).
Probably he is having cash to acquire more shares

 

[Garpal Gumnut]

Good luck GG.

Interesting : contrary to your decision one non executive director Ken Judge sold 1 million shares (50% of total trade of the day).
Probably he is having cash to acquire more shares

1m x 0.135 = $135,000.

Or to buy a second hand Arnage, or a new VW.

But thanks for the info.

It makes it difficult to make decisions when there is so much info out there. Instos buying, Judgebaby buying a Vdub.

I prefer fast and frugal myself.



gg