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Surge Energy, Inc.SS

Surge Energy, Inc.

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Surge Energy (SGY) Elliott Wave Outlook26/04/25 SGY Update I’ve been long Surge Energy since Jan 24. Price did move higher initially following my entry but has since ground lower in what looks like an ending diagonal pattern in red C of a larger ABC zig zag correction. There is RSI divergence on the weekly time frame which helps the case that SGY could be bottoming, but that will of course be effected by what the price of oil does. Any further downside on SGY I will be looking at the yellow zone which contains the 786 retracement at $3.9, measured move target of the red A wave at $3.28 & 886 retracement at $2.64. There is an ending diagonal invalidation level at $3.2, if this is tagged, I will need to adjust the current count. The completion of Red C will complete the (X) wave of the higher degree (W)(X)(Y) in yellow, from these levels the (Y) wave target will be $16-$17.
TSX:SGYLong
by figureofspeech
SGY.CA: Bullish flag, confirmed (72)Bullish Flag, confirmed (72PC) Pros: Volume during post formation Descending volume during flag formation Volume at break out Golden cros in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 13, high 200MA ascending Cons: 250RSI below 50 Target: PT = 0.95$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do your own due dilligence. This is not financial advice Stay Humble, have fun, make money! Education: www.dailyfx.com
TLong
by LeLaf
1
Whipsaw trend and momentum oscillator “Rate of Change”Today I’ve learned how to use the momentum oscillator “Rate of Change” or ROC in whipsaw stock movements. You need to pay attention when it becomes positive and crosses the zero line and then you need to watch if the price crossed its MA. The key point is to use the same time period as for the MA as for ROC. I am not a day-trader and my strategy is short-term (up to 1 month), so since there are approximately 250 trading days in a year/15 days in 6 months/63 days in a quarter/21 day in a month - I used 21 day as a setting. (Number of days are taken from Internet) I think this tactic will work the best with penny stocks, as you can increase your trading volume in order to mitigate broker’s fees since the cycles are very short in their nature.
TLong
by DmitriTrader
2
Surge Energy getting ready to surge?Like most oil & gas companies Surge Energy SGY.TO fell sharply today (-15%) and is down by more than 1/2 since the end of November. The stock looks like it will find support at $2.80, which was tested previously in early 2013. Current dividend (21%) signals a cut is pending. However, the company has 34% of production hedged at CAD$100 for the first half of 2015, and 14% @ $93 for the second half of 2015. Insiders continue to actively buy. For example Robert Leach (director) has purchased over 300,000 shares since the first of October at prices ranging from $6.70 - $3.85, most recent being 26,000 @ $3.93 on Dec 19. Obviously Surge will trade in harmony with oil prices, but it's looking like the stock will find support at $2.80. I'm long at $2.82 looking for a rebound to resistance at $5.44 (+92%) Stop loss at $2.40.
TLong
by ScottUrquhart