CNQ trade ideas

Nathanael

triple top, bearish RSI divergence, and oversold on the weekly. Expecting a drop soon, no measured move, or target. Just an observation.

tradeinthedark

getting tired? Long but will be watching closely for an exit.

tradeinthedark

or gas bubble?

beckyhiu

Interesting spot. Independent oil and gas names getting some steam today

Bobby_Axe

Looking for breakout or pullback before going long

Yakob

Nice green vol bars behind it

beckyhiu

Looks good!

Yakob

cc: @traderstewie

Xafada

Next -12 months this stock will trade above $40 and good to take advantage the option leverage and buy some LEAPS now. Join us woowtrading.net

Algokid

correlation : 96 % co-integration : .92 LONG CNQ @ 38.75 SHORT PXD @ 108.35 my only concern is the dispersion of about 27 % between the two stocks. But with a co - integration of 0.92 , i'm confident that the trade will be successful. Avg day in trade ( based on past 3 years) is 9.33 days.

Algokid

correlation : 68 % co-integration : 0.81 short CNQ @ 40.07 long SM @ 71.47