Ann: CBI Clough JV PNG LNG Gas Plant Contract App, page-3

re: Ann: CBI Clough JV PNG LNG Gas Plant Cont... "The estimated value of the
contract is in excess of US$1b."

This is a huge announcement imo.

CLO share price has been holding up very well given the weak market generally.

On one hand you can choose to be patient, medium term investors getting set here. The work is there. The profits will be generated. The share price will go up.....eventualy.

On the other hand, there could be a double top forming on the chart which could indicate a more substantial retrace is on the cards.....but if she goes back to 90c and turns up again, we have an inverse head and shoulders.....which would be bullish.

Meanwhile, fwiw the buy/sell ratio looks sick.

What to do?

If only I had a trading plan!