Value Microcaps Junior Energy

[dr_airtime]

CNE.TO/CNNEF

Canacol continues to perform like a volatile O&G stock. I bought $10,000 more today at 4.32 (TSX) as historically, these technical patterns on Canacol really hold true and the stock simply sold off from its trip up to $5.00 (TSX) down to a new trendline that appears to have been established. Nothing has changed in the business, Canacol will likely just continue to be volatile.

Recall my post linked a couple posts back where I posted a 5 year chart of Canacol showing the recent trip up to $5.00 (TSX) broke a 3-4 year horizontal accumulation pattern.

I also expect Canacol to retake $5.00 by year end and continue to move up, albeit in an erratic fashion like it always has.

(Recent 4.32 purchase not on chart but you can see I've labelled my 2019 purchases on chart!)



This is my post from a few months back when Canacol skyrocketed out of the 3-4 year consolidation channel.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150270951