Obsidian Energy is showing strong quater over quater growth in revenue and net income
energy sector is strong. Chart pattern trading opportunity following the channel.
Long to the upper channel resistance line AMEX:OBE
EU Short Idea
MAJOR bearish resistance is right above current price action. The overall trend is very bearish on higher time-frames and we may be seeing the next leg down form very soon
We saw rejection and lower high formations after the daily resistance zone was hit. We’re now looking for a retracement to either the 38.2% or 61.8% fib level on the 4hour before...
