I think that CWEI will rise to 60 or less if the stock come back to 40,00 $.
I think so due to the fact that
·the price just broke 1 ( 0.28 )Trend-Based Fib Extension
· also it broke the down trendline
· it just had an pullback in the pitchfork you could see in the picture
· also an uptrend just started
Close the position at the open market and take the profit !! at the price of 50$/share.