Looking for a pull back to load up. I got some at 7.23. I think this can take a launch up towards 8$ and 8.50. At the lower range of support bice small 1 hour flag potentially. Keep watch on this.
If it holds 10 days EMA level. Upcoming earnings risk is offset by: it held very strong support and formed a bollinger band top. I think it will be up post earnings, up to the upper band
Crescent Point Energy
Fundamental Analysis
Price to earnings ratio is around 1.4X (substantially lower than the sector and equities broadly)
Q1 Revenues were $950
Q1 Margin was 95% income to revenue
Following a 25% decline in recent price from $10.25 per share to below $7, $CPG appears to technically bullish on a long-term (6-9 months). Energy equities has a...
CPG holding above previous resistance and using it as support now, bullish as long as we hold that trend.
but be ready to play both sides just incase ;) long trigger is 8.06, short trigger is a break below 6.17/break back below previous trend resistance
Well here we are again, another attempt at this long. The touch off the 200 hourly was to much to resist. Target is high if this Cup and handle comes true.
This is a mid-cap Canadian energy producer, it's local and I follow them.
The way that RSI has formed a rising wedge makes me think there's a bearish reversal inbound for the stock.
You can see how CPG behaved on the last two pullbacks, and sentiment has taken a much bigger hit this time.
Sentiment tells me this will test the 200D EMA soon, and the RSI tells me...
Here's WTI vs CPG.
I'm seeing resistance at the top of the channel, there's a really significant long term technical level to breakthrough here, it's unsurprising that there's resistance.
.. but you can see oil moving up, giving CPG the energy it needs to break that channel.
What do you see between those channels? Nothing but a nice big gap. This could run to...
Here is look at CPG. One of many oil and gas names that have been a tear lately. Many charts share the same setup which sports a nice basing pattern out of longer term low. I have been hesitant to trade energy names due to the fact that it has been a dog for so long, but the energy crunch in China and else where is pointing to the possibility that that may be a...
If WTI makes a break up past $77, CPG may breakout of the current channel, attempting to gap up to the top channel. Sustained WTI >$80 is the catalyst we need there.
Long term uptrend expected due to rising oil prices and increase in "Demand"
IMO Short term swing positions should be strategically long. However, caution must be paid to renewables' play as that will impact oil's price action, which in turn will impact CPG
CPG is currently within striking distance of a major resistance. Expecting pullback to previous S/R and will but when it retraces back up to the higher S/R
BUY $2.18
SELL $3.47 - MAJOR RESISTANCE
STOP LOSS - $1.74
