Possum68

Egy Forming Bullish Flag

Long
NYSE:EGY   VAALCO Energy, Inc.
EGY is forming a bullish pennant flag. This is confirmed with an approximate price consolidation within the red triangle on the chart. Interesting part is that the flag intersects the day after earnings. Implying a nice setup.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.