CVEO - Weak Up Channel Break This channel up on the four hourly chart has broken.
Another move down is likely as this has only recently occurred and support isn't justified.
Bearish state while below this channel.
4.47%
−0.66USD
−1.192MUSD
697.052MUSD
13.543M
About Civeo Corporation (Canada)
Sector
Industry
CEO
Bradley J. Dodson
Website
Headquarters
Houston
Employees (FY)
1.4K
Founded
1977
ISIN
CA17878Y2078
Civeo Corp. engages in the provision of workforce accommodations, logistics and facility management services to the natural resource industry. It operates through the following business segments: Canada, Australia, and U.S. The Canada segment provides accommodation services through lodges, open camps and mobile assets, which supports workforces from oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications, as well as disaster relief efforts. The Australia segment provides accommodations services on a day rate basis to mining and related service companies, such as construction contractors. The U.S. segment provides open camp facilities and highly mobile smaller camps that follow drilling rigs and completion crews as well as accommodation, office and storage modules that are placed on offshore drilling rigs and products platforms. The company was founded in 1977 and is headquartered in Houston, TX.
CVEO - Inverted H&S An idea showing the formation of the right shoulder following a bearish move
This completes the larger inverse Head and Shoulders pattern
Downward move expected.
CVEO LongI Ike the test of the 50 MA and close and close above the 200MA. The 2 MA are getting closer and soon there will be a "golden cross" I anticipate some consolidation along the upward trend line and into the wedge.
Targets: $ .96, $1.03, $1.10
$CVEO can rise in the next daysContextual immersion trading strategy idea.
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States.
The share price rose after the bad earnings.
The demand for shares of the company still looks higher than the supply.
These an
Q2 Earnings and Revenues Surpass EstimatesQ2 Earnings and Revenues Surpass Estimates
Quarterly Results
Earnings per share were up 100.00% year over year to ($0.00), which beat the estimate of ($0.10).
Revenue of $114,702,000 decreased by 6.10% from the same period last year, which beat the estimate of $89,200,000.
Highlights include:
R
Civeo Announces Contract Award in Australia with Expected RevenuCVEO: Civeo Corporation
2019-07-08 06:30:00
Civeo Announces Contract Award in Australia with Expected Revenues of Approximately A$82 million
CVEO pulling back to decent buy zoneCVEO had a nice breakout from a long term base, but has now pulled back with the weakness in OIL.
I will watch this zone for a reversal pattern on the lower time frames. Area could provide support especially if OIL has a rebound.
Resistance at 4.96.
$CVEO X-MAS pop? Part 2CVEO is a case of the trading called "from worse... to less worse."
The type of trade like TCK was was last January. It was like $2-$3 and they survived the downturn in commodities which is the most important thing. The stock went to $25 right now. I don't know about you but very few experts were t
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