CARNARVON (CVN.AX) , an Australian Oil exploration company, discovered new oil in Thailand on 12th May resulting in a rise of 10c in the share price. The shares have traded 71% down from 80c on Friday 25th May 2008 to 23c on 21st November 2008 and back up 196% to 68c on Tuesday 12th May 2009.
CVN hit a HIGH 1 year ago @ 80c in May 2008. The shares have not closed below 28c on a monthly basis since September 2007.
TECHNICALS @66c DIGITALLOOK
EPS 08 2.4c P/E 27
EPS 09 5.5c P/E 12
EPS 10 10c P/E 6
MONTHLY
MACD (0.05) STOC (93) RSI (66) BB (19-72c) 5ema (46c) 50ema (29c)
Last MONTHLY BUY signal triggered Jun05 @ 2c
Last MONTHLY SELL signal triggered Aug08 @ 44c
DAILY
MACD (0.06) STOC (89) RSI (90) BB (30-60c) 5ema (57c) 50ema (40c)
Last DAILY BUY signal was triggered on 27th April @ 40c
Last DAILY SELL signal was triggered on 21st April @ 38c
HOURLY
Last 13 days trading range (Hourly chart) 43-68c
Last HOURLY BUY signal was triggered @ 11:00 on 8th May @ 52c
Last HOURLY SELL signal was triggered @14:00 on 7th May @ 51c
CURRENT TRADE SETUP
BUY @ 58c Target 80c. S/L 53c. UP 38%
SELL @ 82c Target 58c. S/L 90c DOWN 29%
TIMEFRAMES
SELL MAY, BUY MARCH
SUPPORT & RESISTANCE
Support levels are 26c and 42c
Resistance levels are 68c and 79c
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