On the chart, we can see a rising wedge occurring for an energy stock. We expect it to break the support zone and hit our target, which has a potential reward of 25%
MACD is showing strong indications to the downside. Bearish divergences on the RSI.
As with the previous published energy stock, we expect a downside just like the majority of the energy stock have been facing lately. We are therefore catching up on the remaining stocks from this sector.
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