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Will_Wong

CEI:Hot on the heel of a recent Rule of 4 Breakout, CEI broke

Long
Camber Energy, Inc. (AMEX:CEI)  
Will_Wong Updated   
AMEX:CEI   Camber Energy, Inc.
Wave Analysis
10
3
waveanalysis
out again after the market close on Friday Nov 19, on news that CEI had filed the 10-K form with the SEC. This is critical as Short Seller Kerrisdale Capital wrote a scathing report a few months ago that CEI has been delinquent in SEC filing which brought the stock down from a high of $5 to its present low of around $1. Of course Kerrisdale failed to mention that CEI had been granted an extension for the filing.The interesting part is that the announcement of the filing came after hours and the price was rapidly bidded up and short sellers left out in the cold.
Comment:
Two days ago, RTY bottomed and CEI followed suit on Monday with a bullish Engulfing candle.
snapshot
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