stephanelibatd

BUY to CANADIAN NATURAL RESOURCES Daily

Short
NYSE:CNQ   Canadian Natural Resources Limited
Hey traders, CANADIAN NATURAL RESOURCES is in bullish momentum with a large body hammer candle shape and a return of traded buy volume. Looking at the TIMEFRAME M1 we observed a sort of short-legged water carrier candle with a fake low return of negotiated sales volume. She has come to bounce on top of the comfort zone, do a fake pull back and will start again on her low point. Who is below the base of the bollinger do a swallow for a retest of the area.
There is a great chance of breaking the price with the momentum and then the zone to be in a next one. And interfere on the top that follows followed by a test of the highest of the bollinger to get to the top of the comfort zone. In order to test it in particular excess (on TIMEFRAME H4) and short (on TIMEFRAME H1). Not enough buying push to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!

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.