CAP 2.27% 4.3¢ carpentaria resources ltd

Hi r36, no expert chartist but for the short term there's minor...

  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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