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Trent.klarenbach

VLE.TO Descending Triangle

Short
VALEURA ENERGY INC (TSX:VLE)  
Trent.klarenbach Updated   
TSX:VLE   VALEURA ENERGY INC
Trend Lines Triangle
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trendline triangle
VLE

Downtrend
Declining Moving Averages.
Below a declining 200 DMA.
Descending triangle

Long positions should be on a short timeframe.
Comment:
Price broke down below the support line.

Earnings in a few days. Expect a sharp move in either direction.
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