Hi,
I am going to play CNQR...
Strategy :
CNQR is bearish but it makes a correction after the first wave of down..Now CNQR is near major resistance (13.62 and MA(50))..Fibonacci retracement > 50% and < 61.8...Few risk and high probability of gain.. ::)
Sell at 13.16
First target at 11.69
Stop lossn at 13.63
Reward/Risk => 12.57 / 3.57 = 3.52...> 3...Very good opportunity. ;D ;D
I forgot...We have a divergence between price since correction and volume...Bulls are weakly.. ;)
Put on a show from mid January up to now.......
We didn't pay any attention from the point of August 2006,
Head and Shoulders Bottom.
The thread was just overlooked.....
It all shows on the charts. :(
The 6 month, 1 year, 2 year and 3 year charts.......nice run
update