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zAngus
Aug 1, 2022 4:50 AM

Cenovus Energy Moving Back Up 

Cenovus Energy IncNYSE

Description

Cenovus Energy has had a bit of a run after reporting higher Q2 EPS year over year.

They are also potentially getting a bit of a bump pre next weeks OPEC meeting with crude oil closing higher on Friday even as recession concerns continue as traders see little prospect of a rise in supply coming from next week's OPEC+ meeting.

Might be worth a watch.

Comment

How To: Risk Management - A Trailing Stop Loss of 16% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.

Comments
Officialsmoov
Great time to buy If so.
IHudd
Would be nice to know how to scan for that pin bar with high volume that happened on the 14th
zAngus
@IHudd, yeah crazy right. Probably appear on a gap scan for the day.
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