Long
Callon Petroleum at the bottom of downsloping channel
Callon Petroleum is at the bottom of a downsloping channel (or descending broadening wedge), presenting a low-risk, high-reward opportunity.
Note
The price appears to be hovering around 4.10, possibly backtesting the channel, which could indicate a breakout to the downside. NO LONGER RECOMMENDED.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.