Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Given the way that there has been a couple of false breaks to the upside in the recent past at Chariot Oil & Gas, the first in January and the second last month it may appear to be wise to hold back on calling the stock a lasting recovery play.
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