Not getting caught in CCT Counter Counter Trend "bull trap" on higher time frames. Will wait for better discounted lower prices. Watch your bigger picture analysis on what direction your markets/timeframes in, and what your candlestick analysis is telling you.. and not what you think might happen.. let price confirm what its wanting to do..
EXR is consolidating inside a descending triangle pattern. Wait for break under 30c or over 35 to confirm direction. CR and other issues scuttled from highs several months ago but could be picking up now.
Elixir is an interesting stock. The company is exploring in Mongolia for natural gas with the goal of finding large gas reserves on the Chinese border. It has had a bit of a pull back from its 18 cent recent high. Could be worth a watch.
About Elixir (source: www.elixirenergy.net.au)
Elixir Energy Limited (ASX: EXR) is an Australian Securities Exchange listed...
