Canadian oil and natural gas producer, that broke out from a 4 months cup and handle (and/or ascending triangle) pattern confined in a 17 month ascending channel. MACD Bullish. With the price of Oil elevated and recently breaking out, holding the move above $6.75(~10 sma, support) confirms the bullish breakout and projects to the $7.74 level. It is gaining 'relative' to the S&P500 after moving above the 50 and 200 sma.
52wk Range 4.58 - 6.95
target : 7.40 , 7.50, 7.74
Support : 50 sma, 6.50 (100,200 sma, ~triangle base)
52wk Range 4.58 - 6.95
target : 7.40 , 7.50, 7.74
Support : 50 sma, 6.50 (100,200 sma, ~triangle base)