Assuming CPG shows signs of stopping volume as it falls back into the accumulation zone here, the 6.45 - 6.48 zone appear to be a potential low-risk long entry with use of a tight stop.
CPG hitting some new lows, watch out for it to show signs of a reversal and then attack like a predator! gains to be made out of this prey!
1 year daily chart. 50 SMA crossed above 200 SMA. RSI 5 (25.57) oversold. Channel pattern. Good swing opportunity
CRESCENT POINT ENERGY CORP $CPG can it be an opporunity to go long from here?
The weekly chart MACD seems to be diverging since September 2015 low, now the chart is forming an upside down head and shoulders. Should a breakout occur the measuring rule would put a price target around $13.00
tops 2Q17 expectations and increases 2017 guidance – -CPG’s 2Q17 production and cash flow handily beat consensus estimates
The big new was the ability to send oil to texas via a pipeline.the stock took a hit. But as oil costs more to get out of the ground a way to save is pipeline transport. Fracking is the lease expensive oil to gather. Big investments stay away from the smaller companies. So the stock price largely up to the public at least for now. They stay puplic minded that...
ENTER: 7.94 STOP: 8.13 TARGET: 8.13 (Risk:Reward=1:2)
• Falling Wedge • RSI = oversold • Maximum Gain
Podría comenzar una recuperación del papel por estos motivos: Notoria acumulación si vemos el volumen en el canal bajista. Rebotes en Fibos 61.8 y 78.6 con doble piso con volumen promedio alto. Pullback a la Línea de tendencia bajista de largo. Price action con martillo confirmado. De todos modos el piso de los 8.80 lo tiene muy cerca. Con muy buen Ratio...