Get on board, ECA is past earnings already, so no surprises. Heading higher above all the supporting moving averages. 200sma should be resistance.
Seems like one of the best plays if you would like to play the oil sector right now. Carlyle and Riverstone are considered the best in the oil industry
Have a great day all and don't forget to check out the video linked below. Rob
ECA will be looking to display strength as it nears its next earnings release, which is expected to be July 31, 2019. On that day, ECA is projected to report earnings of $0.16 per share, which would represent a year-over-year decline of 23.81%. Meanwhile, our latest consensus estimate is calling for revenue of $1.54 billion, up 57.07% from the prior-year quarter....
oil at potential inflection point, watching for a sharp move lower $ECA $XLE $XOP
Consistent growth, profitable, SUPER cheap relative to broad valuations! A rising oil price over the coming years will lead to earnings estimate increases!
ECA.TO has been consolidating in this downward channel for the past 7 weeks after a 5th rejection from the $18ish area. This is clearly a significant breakout resistance going back for 3 years, and it makes me wonder if there is a fundamental reason for this resistance (similar to the fundamental reason for TSLA and $360.00 resistance). The long entry on this is...
addendum to last chart. Looks like an inverted head & shoulders on the breakout from handle. Buy now before it climbs again -- it's holding true to this fib ladder.
Retest gap today. Looking to buy the dip as it retests. good volume today on the gap. trade is working with the overall trend as well.