CoryMitchell-CMT

Watching for Consolidation Breakout in Gibson Energy (GEI.TO)

TSX:GEI   GIBSON ENERGY INC
Gibson Energy has formed a triangle just above a former high. A breakout of the recent and small consolidation could indicate a breakout of the larger triangle pattern . This could see the price push higher over the next several weeks to months. The target of a 27.50 is a measured move estimated based on the triangle height and prior price waves.

Favorable risk/reward of more than 4:1, but the trade has not triggerd yet.

Cory Mitchell, CMT
Stock and forex trading insights at https://tradethatswing.com/
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