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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47925)	5/16/2012 8:56:33 PM
From: Johnny Canuck	Respond to of 69921

Not a lot of support in sight for CPG.TO. Considering the decent dividend and normally strong institutional support some large institutions really want out of this stock. The sell commodities and therefore Canada theme really is taking hold. Surprising BNP.TO struggling to hold on to this support level. This is an interesting divergence as it appears the volume on the sell side is not a strong as the volume on the buy side despite the ugly chart. STO.TO seeing some support at this level. It really need to hold the support at this level though or it is in trouble. A lot more stability on the major oil companies. RDS.A lookss ready for a bounce. The selling is not a bad as indicated on the price chart. OBV indicates traders buying on the down days. EPM is full funded for their capx program through revenues from their existing well. A break of this stock would indicate significant pressure on the O&G sector. It broke last during the sell off in 2008.