The breakdown of the diagonal is likely a HTF Primary W1 into W2 because it's on the monthly. Typically a leading diagonal is a bearish precursor to a reversal.
Also leading diagonals most likely form a wave 1 into w2 set ups.
The 786% might be too optimistic, as the wave 1 was 5 up which means sub wave A which equals the 5 up diagonal which equals the HTF w1...
I really like this setup. It could go to 2.6 no problem
The stuff you can see without lines are the best setups because you A, know when you're wrong and B, know when you're right ;)
we still trend in our ascending bullish channel , if we still trade above the 1.40$, we will see a continuation for the bullish momentum to 1.80$ then around the 2.80$.
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Here's the road Map we bought into GTE around .60c last year. Thinking this 1 will moon when inflation takes a firm grip into the price of oil and send a barrel over $130.
A new zigzag is in order in an overall consolidation phase on this penny stock.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...
Sector: Energy Minerals
Industry: Oil & Gas Production
Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.
Targets : CAD 2.4...
Sector: Energy Minerals
Industry: Oil & Gas Production
Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.
Targets : CAD 2.4 -...
Sector: Energy Minerals
Industry: Oil & Gas Production
Gran Tierra Energy, Inc. engages in the exploration and production of oil and natural gas in Colombia and Ecuador. It holds interests in the assets located in the Middle Magdalena Valley and Putumayo Basins. The company was founded on June 6, 2003 and is headquartered in Calgary, Canada.
Targets : CAD 2.4 -...
Appears to be in some sort of on going complex correction. With WTI prices looking to bounce I think GTE will take an impulsive 5wave count up to form a possible higher degree B wave in the primary trend. We are long form .39c
GTE following the trend of the broader energy sector. However, volume isn't as strong as I would necessarily like to see for a full on breakout. But given the trend, it's gonna be nice IF GTE can bust back through this resistance level and stay there for a while.
"Keeping in theme with the other energy stocks on this list, Gran Tierra is a Canadian-based...
I think the chart will explain itself but here goes.
Everytime the RSI gives us a Hidden Bullish Indicator, the stock runs far and in a short period (65%-180%)
After the run up, stock retraces to the golden pocket before starting up again
Major Trendline Support (can be used as a stop loss)
Oil is one of the few sectors that have escaped this 3 week...
