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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: News - Winter Drill Program
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Jan 05, 2010 06:05PM

Spider

You could be right about the prying eyes .

I took a pic from the chart.

If we take the fibonacci moves based on the candles and not the closing price the real short term target after we broke latest 62 % level is 1.67 which is then the 100 % of the move .Target sp is also around that level .

If you're right about the presentation in London (is that London UK or in the US?) and they bring out some good news about production an overshoot to that zone could be .But then I think it will be time for a break .RSI is also in overbought zone.

So far we can't complain.Bought at .99 some time ago .

For reaching the 2 level we had to wait some longer I guess until Algar will near startup production.


Jan 07, 2010 12:06PM
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Jan 07, 2010 12:16PM

Jan 07, 2010 12:26PM
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