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TomKirk
May 14, 2018 11:28 AM

Cenovus Energy reversal Long

Cenovus Energy IncNYSE

Description

-56 Week double bottom
-Daily 50SMA is crossing above the 200SMA with both pointing upwards
-Contracting volume as pattern matures

40 basis points (slight increase)
Am a buyer above 14.66
Will take profits just below measured move

Comment

Buy stop order @ 11.67
SL @ 10.67
TP @ 16.23

Comment

Order still on coming into new week
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