PEY // Triangle pattern Resistance breakdown requiredIn case of closing where I indicated with X, the targets are determined according to Fibonacci.
PEYUF trade ideas
PEY.CA: Cup'n Handle (82%)Cup'n handle confirmed in yet another ressource stock.
This partern could reverse on the 10$ mark. If thr price action breaks the 10$ resistance, could run for quite a while.
Price target = 11.35$
Stay humble, have fun, make money!
PEYUF - LONGBullish flag possible breakout. Looks like it could explode to $6ish.
Peyto engages in exploration, development and production of oil and natural gas.
$PEY - Bullish AF long term$PEY - I am a big big fan here. This is a 5 year chart. Slaughtered. 2 year falling wedge that is really tightening up. MACD bullish divergence with price action for over 2 years. RSI double bottom and poking above pattern.
Gann Box and MACD AnalysisTSX:PEY appeared on my screener for a MACD crossover play. I applied Gann box and it looks like we are coming up on a critical point with the potential for the move upwards.
I have shown the 48 Day periods which is part of Gann's 192-day cycle to see if there are any points of reversals and it lines up pretty nicely. It appears that we just passed a 48 Day point and have consolidated until we reach that critical angle. We have reached the 15-Day mark after the spring equinox which Gann identifies as an important date to look for.
Looking at the chart above we can see that it's primed for a breakout based on the following reasons:
We are not only at the 52-Week Low but it also just peaked out of the Wave Trend "Buy" zone;
ADX value of 25 confirms the trend is strong;
Stoch and RSI are both low enough to still jump in the trend;
MACD crossover confirms entry.
What are your thoughts?
PEY.TO not sure if this still looks goodBig Head & Shoulder pattern. Price just broke down on the ascending support line which happens to be the HnS neckline....
PEYTO EXPLORATION looking really good now !!Positive divergence on the RSI. MACD cross happening on the monthly.
This could be an easy 3x medium term !! Fasten your seat belts !!
PEYTO EXPLORATION - this baby is getting ready to fly !!!MACD cross on the monthly is happening right now !
Long consolidation period right above the 10 USD level.
This one has huge potential.
