Next Resistance level - $4.81 Potential Retesting - $4.13 - Must watch WTI (partial sentiment), News on Alberta Supply production cuts
CPG showing some life here. Broke from clear basing pattern on decent vol. Bound to catch a few eye balls.
Up up and away! Nearing a bottom at 5 years you have an inverted head and shoulders pattern which is a bullish bias. To get the profit target measure the length of the head as you see it on the chart then project the line upward to gain the standard measured target. In this case it's about 4.12. Remember that targets can be exceeded, not at all or within reach.
CPG (Crescent Point Energy) oil producer was beaten down over the years. I believe company has a lot of value and severely undervalued even at current WTI prices. Chart analysis shows that most likely CPG is likely bottoming. It producing Broadening Formation pattern accompanied with weekly RSI divergence on a high volume after very long trend down. This is the...
A small pullback while time arrests price in order to be square. SOL144 432mhz
This is a nice speculative buy and hold at these prices given solid assets, downstream producer not very sensitive to the WCS/WTI differential, above 7% divi at these $4.88 prices. Could see further selling pressure as margin calls possibly intensify but nice setup here for a rebound based on oversold daily RSI and a STO wound up. Canadian Oil stocks are for...
CPG is going to get bought. Just a matter of time. I would say wait for the stock price to make a new low (since inception) and I think you'll see a major step in and buy these assets. Major conventional player in the Western Canadian basin with established leases in friendly O&G communities. CEO stepped down in May (started the company) so the major psychological...
I got you now! go up I command you!
CPG, it's looking poised to go up again, I'm not entirely sure on this one....yet, but maybe just maybe...yeah it should make some gains wait a little longer for confirmation but yeah it's getting ready
Upwards trend and may be able to break the 9.20 barrier, if it doesn't go down more gains stand to be made, short upward run for now
Confirmed uptrend or very close to it, I see gains on this bad boy, and I might just have to say it will break 9.30 and keep going up..... just maybe...
-50 Week horizontal range -Daily 50SMA is crossing above the 200SMA -Well defined boundaries -Daily bollinger bands are starting to squeeze as price moves to upper boundary 40 basis points of risk planned Am a buyer above 9.38 Measured move @ 12.08
TSX:CPG is also in a channel. This one is almost a year long; and longer term view...does not look very good. lot closer to ATL's vs ATH's If its move from upper end of channel to lower one takes roughly the same time as last couple instances; i think it will likely hit that lower range around 8.35 close to the end of the month (may)...another 2 weeks or so. ...