CAP 2.27% 4.3¢ carpentaria resources ltd

todays the day, page-17

  1. 6,294 Posts.
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    Just from a purely technical perspective, today's selling has broken through support at 30c, which incidently starts to form a bearish engulfing candle on the weekly chart. Amidst the market's jitters, this isn't the ideal recipe for upwards movement in the share price.

    I would be inclinced to sit on one's hands and let the storm pass, but also be prepared for a movement back to around 20c-21c if nothing fundamental comes to tidy up the Hawsons JV. Yes, thats quite a fall from where we were just a few days ago, but CAP has always been quite a volatile stock.
 
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Currently unlisted public company.

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