EEQ - Fallen angel type Momentum Long at the break of $18

EEQ is an energy stock that seems forming a fallen angel pattern recently. On the other side Energy sector seems breaking out of a downward channel & getting ready for a short term rally. Along with the Sectorial strength, EEQ seems an interesting Long set up.

* Trade Criteria *
Date First Found- March , 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $18 (Further update coming)
Exit Target Criteria- Momentum
Stop Loss Criteria- (Further update coming)

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Trade active:

March 30th - Went upward & hit our entry criteria. Now wait & see.

Comment:

April 4th - closed above its 50 day SMA and it appears skies are clear. Looking good.

Comment:

April 11th- Seems rolling over, however still holding above Entry criteria. Updating stop loss criteria to $17.41.