I know it's an oil stock, but technically it looks primed for a rebound. I love the double bottom from 12/15/14 and 1/15/15 and there's been responsive buying recently. Also, the double bottom is from support levels on a regression channel spanning quite a ways back, so there's probable cause for longs to profit at these levels.
There is also a positive divergence with regards to momentum and price, which means that interest for the stock rose even while its price was dropping. This signals that insiders or whomever has been buying the later stages of its decline so you should have too.
Long: Any levels here, target would be mid to high $90s for an exit and that's by late March/early April.
Exit: Sell it on a break below $70.
There is also a positive divergence with regards to momentum and price, which means that interest for the stock rose even while its price was dropping. This signals that insiders or whomever has been buying the later stages of its decline so you should have too.
Long: Any levels here, target would be mid to high $90s for an exit and that's by late March/early April.
Exit: Sell it on a break below $70.