WaterlooHawk

CVE (TSX) slows down bullish trend

Long
NEO:CVE   CENOVUS ENERGY INC.
CVE had a quick uptrend, mainly for oil and gas surprises. While CVE diversified its resources for energy, it may face slower growth in its up-trend. It will move toward $14.5 but stall between 14.30 and 14.5 for a while in a very optimistic hope. After earning, it may jump toward $15.
However, the price may surprise us toward higher numbers as high as $22, which is colinear with the oil price in the $100 level.
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