Cenovus Energy reversal
-56 Week double bottom
-Daily 50SMA is crossing above the 200SMA with both pointing upwards
-Contracting volume as pattern matures
40 basis points (slight increase)
Am a buyer above 14.66
Will take profits just below measured move
-Daily 50SMA is crossing above the 200SMA with both pointing upwards
-Contracting volume as pattern matures
40 basis points (slight increase)
Am a buyer above 14.66
Will take profits just below measured move
Note
Buy stop order @ 11.67SL @ 10.67
TP @ 16.23
Note
Order still on coming into new week
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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.