CEY 0.00% $6.16 centennial coal company limited

According to my TA, CEY has reached bottom (plus or minus a few...

  1. 130 Posts.
    According to my TA, CEY has reached bottom (plus or minus a few cents):

    Preference (monthly trend): $3.96. Next rebounce above $6.14, then look for $6.75 and $7.1.

    The RSI is trading below 30 = oversold and that therefore a rebound could shape (look for bullish divergence in this case).

    Supports and resistances:
    $6.75 *
    $6.14 (next rebournce target)
    $5.9
    $4.08 last
    $4.27
    $3.96 (support)
    $3.65 *

    Overall, what do I think with all these non-sense? I have a 3-5 years view on CEY and I use the chart to tell me when to top up (like now), it is an opportunity to make serious money when CEY get out of the current thermal coal contracts with NSW power stations or when these stations are privatised by NSW gov't.
 
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