tradersteve22

CVE long

Long
NEO:CVE   CENOVUS ENERGY INC.
CVE entry to ride the train up to the 786. 1st leg from pullback to 382 completed. Missed the break of the lower diagonal trend line. Expected a bigger pullback here but did not get it, break of line at 14.89 gave an entry signal on the 1 hour. Usual stop loss management of weekly and daily 50:50.
Comment:
Lots of energy here to run from breaking through these previous highs. Weekly and daily MA's have flipped.
Comment:
Bigger picture.
Trade closed: stop reached:
Stopped out at 15.76 today. Nice easy trade.
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