CodyDegraaf
Long

Surge Energy Fib pattern

TSX:SGY   SURGE ENERGY INC
Traverses for Serge stock price is following a bullish channel that is narrowing. Using Fibonacci retracement numbers, the current traverse will correct at approximately $7.55, and go to $9.60, at which point, the channel will more than likely reverse.
Low revisited, but has passed below it, and out of the channel boundaries. Has the trend been broken?
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First target met on Sept 11, but will likely re-visit that low.
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