Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $59.05/ $58.12 Target Price: $60.52 / $59.64 Stop Loss: $56.60
* Great earnings with acceleration * On the longer time frames, it's mostly sideways but has started a new up trend * High relative strength in the Energy sector * Broke out of a ~4 month basing pattern before making the leg higher. * Consolidated in a tight range of 3.77% before breaking out again * Maximum probable ROI for this trade would be around 26.70% ...
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.
$CNQ about to fly. Retraced back to nearest support. $27 PT1