$HUSA bullish pennant formation in weekly TF. However, it's not ready yet for a breakout, the weekly candle closed bearish (Hanging man) and was not able to break the upper trendline. I think it will first dip to $3.7-4 before the big move, anyway, it needs to breakout with above average volume to confirm that pattern..
Not a soul is looking at commodities right now with the rally in the S&P. Just the same as cannabis a number of weeks ago. This is where value lies
- Commodity push incoming I feel. - Beaten down due to some big investor unloading 9 mill shares or something along those lines a while ago, which is why it changed from being small cap leader among HUSA, IMPP and CEI for energy push. Big volume coming in now. Ya love to see it. - Oil swung lows and all commodities are on some support at the moment. If we get a...
I'm still researching, i.e. justifying my bag holding, XOM and NINE have both had good surprises for their earning reports. We'll keep an eye on the rest of the sector as they have earnings reported, but I suspect they are all going to be good surprises for a big win in the next week or two.
I am currently in ENSV for an averaged price of 4.28, small capital because I'm not the best at this stuff. I do believe this stock will run along with the other oil plays. Biden is not going to open America's oil production and these oil stocks are going to go through the roof. HUSA, NINE, IMPP, etc are still all in play too. I'm guessing ENSV with my piss...
Houston American Energy Corporation (NYSEAMERICAN:HUSA) shares decreased nearly 50% from a couple weeks ago after making a big uptick. Now share prices are ready to make a solid move, since it has started recovering from its rising EMA200 support zone. Additionally, its accumulation remains very high during the consolidation phase which is a very positive sign. So...
$HUSA how much does she have left, quite a bit from what I am seeing. Could float around below 200MA for a while though