Gran Tierra Energy - Strong Buy Recommendation - Outlook Bullish
5 of 6 trendline indicators show short to medium term bullish momentum.
Since May 27th , 2018 - Range bound indicators gapped up from a range a range of 4.48 to 3.79$ per share. The resulting new bullish wedge, shows a range of 4.85 to 4.42$ per share. By weeks end the trends will narrow to between 4.89 to 4.47, bullish in nature. This is supported using our 52 point analysis. We are confident with high probability, another gap up is likely before 2018-07-17. There will be major resistance on route to the gap up. The expected resistance is 4.77$ per share, here you will find a lull period, lasting some 4 - 12 days. Ultimately, for short term day traders, I am 100% confident, you will see 4.77$ per by Friday this week. You should begin to see a pull back - range bound 5.47 to 5.32$ $ per share. This would likely stop around 4.91 - 4.73$ per share, before the need of being reassessed. The indicators do not take in account future changes associated with WTI prices. Keep your ears tuned in for news that would leverage or down play these trends. We have a 50/50 probability of 85$ WTI barrel before summers end, 20/80 of 80$ per barrel WTI and 10/90 of 78$ per barrel by summers end. Simply put, any investment right now into Gran Tierra Energy (GTE.TO) will return you a short term 5.3% by Friday this week. Based on future outlooks on WTI pricing, you can bet most news releases in the short term will be bearish for OIL. I do recommend a hard buy for this stock at the current sp.
Since May 27th , 2018 - Range bound indicators gapped up from a range a range of 4.48 to 3.79$ per share. The resulting new bullish wedge, shows a range of 4.85 to 4.42$ per share. By weeks end the trends will narrow to between 4.89 to 4.47, bullish in nature. This is supported using our 52 point analysis. We are confident with high probability, another gap up is likely before 2018-07-17. There will be major resistance on route to the gap up. The expected resistance is 4.77$ per share, here you will find a lull period, lasting some 4 - 12 days. Ultimately, for short term day traders, I am 100% confident, you will see 4.77$ per by Friday this week. You should begin to see a pull back - range bound 5.47 to 5.32$ $ per share. This would likely stop around 4.91 - 4.73$ per share, before the need of being reassessed. The indicators do not take in account future changes associated with WTI prices. Keep your ears tuned in for news that would leverage or down play these trends. We have a 50/50 probability of 85$ WTI barrel before summers end, 20/80 of 80$ per barrel WTI and 10/90 of 78$ per barrel by summers end. Simply put, any investment right now into Gran Tierra Energy (GTE.TO) will return you a short term 5.3% by Friday this week. Based on future outlooks on WTI pricing, you can bet most news releases in the short term will be bearish for OIL. I do recommend a hard buy for this stock at the current sp.