I'm still cautious for our sp.We must also look to the markets itself and the outlook for the near future is not bright.
Why don't all oil companies reflecting this huge oil price today?Our Belgium bourse has one of his worst performance since the beginning due to bank problems.These problems are world wide not fixed and nobody of the political leaders has any recept in pocket to deal with that.Take also in mind the oil price which has run up very high due to speculation on the us $ weakness and we are sitting in a mesh of big trouble.So I think that oil companies also suffer under these conditions.When will it turn ,Nobody knows.In Europe and I guess also in US and Canada food prices and all oil related product get more expensive and people see no end of this cycle.So what we see is that shares of many companies got lower even they give good results too.
So for CLL to go against this market will be not easy.We can see an upwards move but to break 5.25 in short time will be not easy.I hope I'm wrong but simply look to the chart .We are almost back to 4 and again in the same trend then years ago.So the shorts have room enough created for a nice run up and then go short again.
Maybe I'm pessimistic but I don't see good world performance in the markets and I think we could even go lower on the indexes.We have some kind of salami crash like in 2001 .
So CLL must give super # to smash the 5.25.I still think 6 could after Q3 #at this moment in time but I do hope you're right and I'm wrong.