Bullish Alt Bat Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL BUY
Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $61.32 / $59.76 Target Price: $62.94 / $61.44 Stop Loss: $58.08
As an update to my prior post, we are now at a pivotal point where CPE is hugging the trendline support and looks to be completing a head and shoulders. My price target to buy if the support line breaks is the red trend line at the bottom. The H&S is invalidated if the current support line holds over the next few days. Only time will tell and stay tuned.
Desicion to Buy. Entry Price = $60.90. Target Price=$63.40. Stop Price=$58.40
Good Morning~ From my previous post, we can see CPE has broken out of the wedge, then quickly retreated to back-test the break-out and now we march onwards and upwards. I've outlined my take on 1 possible way CPE will play out over the next few months. With immense volatility comes immense profit if you're on the right side at the right time and that is what...
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $58.14 Target Price: $59.54 Stop Loss: $55.87
Oil and gas equity prices have been lagging behind Oil numbers from a fundamental standpoint over the last few months. Very cheap valuations and forward PE ratios. Several smaller cap oil companies such as CPE, CDEV, LPI and others have been heavily consolidating and are looking primed for a break out to the upside.
CPE long term potential CPE long term potential CPE long term potential CPE long term potential CPE long term potential
We have a long term trendline breakout dating back to 2017. Also we have a Cup&Handle breakout on the daily.
Cup and handle look on this petroleum play. Looks ready for a breakout.
Handle is being formed currently and my entry got kicked in with SL intact.. post breakout of that massive cup & handle, a significant move of 50% upside..
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. As of December 31, 2020, its estimated net proved reserves totaled approximately 475.9 million barrel of oil equivalent, including 289.5 MMBbls oil, 541.6 Bcf of natural...
In addition to XLE, CPE will also be seen as bullishness due to the overall sentiment for USOIL. Expecting significant bullishness due to break of daily high, and now the break of the smaller daily structure confirmed the bullishness in the market.
Oil stock been consolidating its 237% 2021 run moving sideways for 2 months forming a rectangle/box breakout setup. Callon Petroleum Co (CPE)- ENGAGED IN THE ACQUISITION, DEVELOPMENT, EXPLORATION AND OPERATION OF OIL AND GAS PROPERTIES IN WEST TEXAS.