So I got into this stock in a stupid place. I'm taking the opportunity to learn and hopefully this helps other people.
I knew beforehand NOT to enter during a sudden jump and did anyway. As quickly as it comes up, it can come down.
Mistakes aside. It's a learning experience. I have a light idea of what CEI will do next by noticing what it did before the jump.
My...
This is where resist or support will be confirmed for the next move. With the volume dying off it's possible to see another dip down. Looks like retrace from the massive $9 spike. Still confident it will increase over the next week-2 weeks. Breakout above $4.93 is going to be difficult.
Going to be watching CEI for continuation trade tomorrow, after hours we are sitting at support at 5.90, watching to see if we can hold here and break back above the median line and retest, for an entry long. Today Camber Energy, Inc. Announced the Acquisition of Lineal Star Holdings giving it the boost it needed to have the big run today, along with the announced...
the 15 cents support been holding very good so far before was at the 20 cents level and fail
risky trade if sl is no use under 15 cents but very high risk reaward possible breakout base in the montly
decrease in sell presure indicate could hit 1.36 3.0$
if big fomo happen could go more becouse this is a reversal trade base
good luck
targets 0,32 0.49 ...
From 20k to 20 cents
news about acquisition of this company could trigger a pump
Rsi totally destroyed extremly oversold
20 cents been holding nicely will put a small amout in this trade for a long
High risk trade sl under 20 18 cents
News today "May-15-19 08:00AM Camber Energy Announces that Lineal Star Holdings Has Entered Into A Letter of Intent to Purchase An Engineering and Procurement Firm". Shs Float 12.53M, Market Cap 3.69M. Watching for continuation.
Bearish on this stock
clearly drifting towards support of around .20
expect a pop the closer you get to .20
ultimately; stock might breach support at .20
intermediate target = .15 cents.
In my opinion, better quality stocks around
However, stock is sitting on support
If you're insistent on taking a trade on the long side, you can get a bounce off of support
Trading at all time lows, does not bode well for any long position
Sell the rallies.
Camber Energy, Inc., formerly Lucas Energy, Inc., is an independent oil and natural gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres. Its total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation is approximately 8,310 net acres. In deeper formations, it had approximately 1,909 net acres in the Eagle Ford oil window. As of March 31, 2016, the Company had produced an average of approximately 61 net barrels of oil equivalent per day (Boepd) from 26 active well bores.
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CEI
