Strategy/Chart pattern: Bull flag Entry: 10.09$ Stop: 9.34$ Target: 12.17$ Risk/Reward-Ratio: > 2:1 Stopmanagement: ATR stop daily chart default settings
Daily buy set up executed on the hourly. Ma's there for support, target consolidation before the drop.
NYSE:CVE Possible Scenario: LONG Evidence: Price Action TP1~ 8.5$, tp2 ~ 9.5$ Call options, Strike 8$, 06/18/21 Call options, Strike 10$, 09/17/21 * I'm not a financial advisor and it could be wrong 100%.
Back in March 2020 It downtrend to 7.00 So its approaching March 2021 Uptrend TP 7.00🔼 BUY
As we can see the chart, from Feb 1st the price range established in $8 channel. It is already bounced from the $8.20 toward higher targets, and now getting ready to break through the next resistant poit of $8.80, after that the next target will be $9.98 Timeframe to reach the price target might be by end of Feb to mid March. Considering the current price of...
Hey people, CENOVUS ENERGY is in a bullish push with a hammer candle shape and a large buy volume issued. On the TIMEFRAME M1 we notice a hammer candle with a large negotiated purchase volume, it bounced off the top of the equilibrium zone. CENOVUS ENERGY will head to last lower which is below the base of the bollinger to reverse the trend. With the retest of the...
There is a strong pull back on RSI 60, the resistance of $7:40 broke easily, there is a bigger one at $7.80 that supposed to push it back to $7.20, but due to the Covid Vaccine news it should not go lower than $7.40 Belw $9 will be a sell position and rebuy at $6.20
CVE is in a clear downtrend. In the last session, the stock broke south H1/H3 support suggesting more bearishness in the coming sessions.
CVE:TSX Consolidation Zone $6.9-$7.80 Long Position -Target $9.29-$10.29 July 30 This security analysis was published on June 9th, 2020 BD Disclosure: BD is a shareholder of Cenovus Energy. Please do your own due diligence before investing in any securities.
Information Position: Long Size: 5 Price: 2.50
Information Position: Long Size: 5 Price: 3.89
Buyers have come into play to make a higher swing low and a morning star on weekly
White = Monthly Purple = Weekly Red = Daily Recently broke out of valley, looking to break through monthly level.