On the daily chart, COG has slowed down on downward momentum and shows early signs of reversal. It is trading in the channel depicted. Price target and stop loss as per chart.
Hey my friends, CABOT OIL & GAS CORP is in a fake bearish push with a strong sell volume traded and a large upside down hammer candle. On the TIMEFRAME M1 we see a water-carrying candle with a high negotiated sales volume. She came to rebound on the bollinger's plus make her trend reversal to re-test bollinger levels. Then go and test the VWAP and come to the top...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
One of the members asked me for an explanation of my chart, so here it goes -this is what I mean by those levels on chart setups.
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* My set-up has a bias that is called Interest... okay, - because it takes awareness of an opposite momentum, which both are held by a DSL line. The green level is a desired take profit level. Now, let's say...
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Beijing, in turn, will increase purchases of U.S. agricultural machinery, industrial and energy products by about $ 200 billion over the next two years.
LONG
