CVEO pulling back to decent buy zone

CVEO had a nice breakout from a long term base, but has now pulled back with the weakness in OIL .
I will watch this zone for a reversal pattern on the lower time frames. Area could provide support especially if OIL has a rebound.
Resistance at 4.96.
Comment: Slammed.. that why I wait for lower time frame basing confirmation before entry.
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