CAP 2.27% 4.3¢ carpentaria resources ltd

start of 2012 for cap., page-6

  1. 3,937 Posts.
    Hi r36, no expert chartist but for the short term there's minor resistance at 30c and then stronger resistance at 40 - 45c which was set by the candle on 7/6/11 with 1.6m volume and will probably take a few attempts and some decent volume to get back through.

    Looking at the longer term charts (monthly), CAP looking like it's in the early stages of a run, coming off solid support at 20c and heading for the 1st resistance line (about 40c). If it breaks through that the next resistance line is at 60 - 70c. Just a very simple chart with trendlines & Bollingers.


 
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