Soldato
- Joined
- 1 Oct 2006
- Posts
- 13,900
C'mon the CNR. £2 by the weeeknd at this rate.
CNR
Thanks for asking. This is worth special consideration if by any miracle the price CLOSES (important word) above 170 as it permits a long term cycle toward 290p. This is taken from stepping back and looking at a 5 year+ view.
This share is quite interesting. There have been two gap-ups recently, indicating the market wants the price moved to a new level. Just about every logic I throw at it suggests the price is heading near term toward 198 as it's outperforming on every rise. The price would require to drop below 137.25 before we'd have concerns. This would indicate the potential of a rewind toward 110. Which WOULD close the recent gap!
Resistance 2 239.8
Resistance 1 192.3
Closing price 176.5
Support 1 144.8
Support 2 113.2
Big roller! Gonna be a hefty CGT bill but who cares!
Volume: 811,865
Avg Vol (3m): 126,693
Conventional advice would be to take profits and/or diversify when you can. The whole gold and mining sector is due to rise as it does not reflect profits available from sales at this market price.I've covered all my MXP losses and am in very good profit now for the first time in what feels like forever.