Br0wnie

Br0wnie Updated 

Breakdown through the 20 MA, a pullback and then a breakdown through support on volume. Not a recommendation to buy or sell. For educational purposes only

Br0wnie

Price has a lot of work to do to become bullish. The downward angle of 20 MA is bearish but if price can get over the 20 MA, stay there and make a higher low, then the 20 MA will turn upwards signalling a change in sentiment. Gold stocks are outperforming Gold at the moment, possibly signalling a reversal in bullion, so keep it on the radar

Br0wnie

Slowing downside momentum within an improving oil market and oversold natgas environment.Over $9.63 is a short term breakout on the 1 hour chart

Br0wnie Updated 

SPE is oversold and has just broken support at $5.40 from Aug 24 2015. It may very well go lower from here if WTIC retraces back to $43 but the slowing of downside momentum as indicated by the divergence creates the potential for a trade-able bounce. There is short term resistance at $5.43 and again at $5.53. A break through $5.53 to the upside could take it to...

Br0wnie

The extraordinarily high volume weeks of March 6 (19 million shares) and March 13 (42 million shares) were followed by the 20 million share week of May 15 where CXV broke above the recent closing high of .135. It is now retesting that breakout price right at the 20 EMA. Will be watching for a consolidation around this price on the daily chart and will buy on a...