CNQ on the TSX would be a likely sale candidate if oil rolls over. Recent price action has traced out a Deep Crab Harmonic Pattern. While Deep Crabs are quite reliable, Point D often extends past 1.618 to the 1.92 area. So watch this with an eye to take advantage of price exhaustion. I have added a WTI overlay in $CAD for reference. Not investment advice....
Ideally you have been long this for awhile but even if you aren't there is lots of meat left on the bones here. Returning cash to shareholders lowering debts drastically the picture around the large Canadian producers is looking better and better each day. If it's good enough for the saudis to own its good enough for you. Dividend increase in the pipeline. The...
Company Description: Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa. Analysis: Canadian Natural Resources is an oil and gas company within the energy sector! I...
The PEAD projected a Neutral outlook for $CNQ after a positive Under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
3.7.21 CNQ Part 1 MasiView chart . I have a very short Part 2 fore three things I forgot to mention.
This is just a quick analysis for myself to see how it plays out this coming week
Hey traders, CANADIAN NATURAL RESOURCES is in bullish momentum with a large body hammer candle shape and a return of traded buy volume. Looking at the TIMEFRAME M1 we observed a sort of short-legged water carrier candle with a fake low return of negotiated sales volume. She has come to bounce on top of the comfort zone, do a fake pull back and will start again on...
Hi friends the daily analysis of this market shows that we must wait for the breakout of resistance at the level 31.26 after positioning ourselves as much as the buyer the next objective is 38.13
CNQ is in natural gas industry. The stock in on a positive up trend and displaying buy signals on both fundamental and technical fronts. I'm looking for a pull back to enter and aiming for 27 initial target, has potential for mid 30s.
Currently we are inside a wedge on the verge of breaking out. I believe demand for gas will rise and with these Technicals of having a gap fill opportunity and a wedge. Moreover, we can see volume start to rise with the SMI have a really sharp crossover. we will have to keep an eye on how next week opens through.
Canadian Natural Resources (CNQ, $17.22) was one of top quarterly gainers, jumping +110.31% to $17.22 per share. My A.I.dvisor analyzed 95 stocks in the Oil & Gas Production Industry over the last three months, and discovered that 93 of them (97.67%) charted an Uptrend while 2 of them (2.33%) trended down. My A.I.dvisor found 191 similar cases when CNQ's price...
This is a setup for Day Trading. Entry is the greenline which can be monitored for a better price at 16.2 or lower. Stop loss is at the red line. and Target is blue zone.