USEG is a relatively flat stock for the most part. It's had its share of breakouts here and there but seems to call anything under the 786 fib home. Coincidentally, over the last year, this same 786 fib level has remained a pain point on the chart where USEG might break above it for a moment but fails to hold any significant level of support after doing so....
USEG is in the middle of a long term correction, making a downward channel. From a long term point of view i'm expecting a breakout to the upside before one more big wave down