CARNARVON @ 63c

CVN hit a HIGH @ 88.5c on 15th June 2009. Recent low was 60c on Friday 7th August.

Latest Quater results showed a 10% drop in Production, which resulted in the Bell report downgrading the shares to 60c

TECHNICALS @63c
EPS 09 3.9c P/E 16
EPS 10 4.3c P/E 15
EPS 11 5.9c P/E 11


MONTHLY
STOC (18) RSI (55) BB (31-94c) 5ema (65c) 50ema (53c)
Last MONTHLY BUY signal triggered Dec08 @ 25c
Last MONTHLY SELL signal triggered Aug09 @ 72c

DAILY
STOC (66) RSI (40) BB (60-72-60c) 5ema (64c) 50ema (53c)
Last DAILY BUY signal was triggered on 27th April @ 40c
Last DAILY SELL signal was triggered on 17th June @ 82c

HOURLY
Last 13 days trading range (Hourly chart) 60-70c
Last HOURLY BUY signal was triggered @ 11:00 on 10th August @ 61c
Last HOURLY SELL signal was triggered @14:00 on 03rd August @ 69c

CURRENT TRADE SETUP
BUY @ 57c Target 88c. S/L 53c. UP 38%
SELL @ 88c Target 57c. S/L 90c DOWN 29%

TIMEFRAMES
SELL LATE MAY, BUY MARCH

SUPPORT & RESISTANCE
Support levels are 50c and 60c
Resistance levels are 77c and 88c