Contact Energy - CEN Chart

[AMR]

A nice bounce off the previous low at 7.11 right before all this commodity correction chaos. My trend following indicators gave off a buy on this today. Risk reward for this is kinda crappy though, and it's on the NZX which makes it even more unappealing.

[FYA4999]

CEN shares look poised to have another crack at $9 and beyond. Anyone out there share the same opinion?

Phaedrus any chance of a chart update?

Thanks
FYA4999

[minimoke]

CEN shares look poised to have another crack at $9 and beyond. Anyone out there share the same opinion?

I Hope so. I bought earlier in the year at $7.90 and topped up at $9.10 on the back of lake levels. Trouble is there is loads of snow waiting to melt this spring so there won’t be any shortage of hydro next year. And I’m not sure the new Emissions Trading scheme is going to do CEN any favours.

[Phaedrus]

CEN has been range-bound for quite a while now, but the range is wide enough to trade profitably. This chart shows 7 indicators suitable for that purpose, but you would have no trouble finding plenty more that were just as good and gave similar signals. Users of such systems would currently be holding CEN, having bought in July. You can see that current price action is such that none of the featured indicators are anywhere near triggering a Sell signal.

[FYA4999]

Awesome. Thanks Phaedrus.

[Sideshow Bob]

Bizzare decision to ram the increased directors fees through, and then back down the same day! Good on those shareholders who fought against it.

Tim Saunders said he was underpaid - ha!

[Dr_Who]

Bizzare decision to ram the increased directors fees through, and then back down the same day! Good on those shareholders who fought against it.

Tim Saunders said he was underpaid - ha!

One word, arrogance!

[bermuda]

One word, arrogance!

One word.....Feltex

[macduffy]

Bizzare decision to ram the increased directors fees through, and then back down the same day! Good on those shareholders who fought against it.

Tim Saunders said he was underpaid - ha!

Company announcement only undertakes not to increase base directors' fees, at this time.

[Dr_Who]

I heard on talkback radio that a large number of retail clients have switch from CEN to other power supplier. Contact is losing their retail client base quickly. Maybe time for the directors to go?