NYSE:CNQ is hitting All-Time Highs (ATH) 🚀 & still buying back stocks - a whopping 2,825,000 shares for approx. $285M! 📈 After a two-year base breakout, we're eyeing targets of $85-$90.
💡 KK Tip: Though tempting, it might be hard to chase right now. Keep it on your radar!
Chart setting up with what looks to be head and shoulder pattern. Taking some profits now before next earnings release. Lower commodity pricing might come into play. Watching closely the next few weeks and setting targets....if it drops a bit, would be a great buying opportunity long term.
CNQ - Canadian Natural Resources looks to be forming a classic Wyckoff Distribution pattern after this massive run up. I think it is time for some profit taking. A mild winter could produce a weak earnings report in February as demand for oil/gas is down. Natural gas prices remain down and I believe oil has room to reset. Pair these factors with CNQ at or near all...
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Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Hello Traders,
As we delve deeper into our market analysis, it's imperative that we pay attention to a commonly overlooked phenomenon in price action trading: the persistence of flat structures. These structures are fascinating because they offer both technical simplicity and profound insights into market sentiment.
They are easy to catch with the eye and offer...
══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it...
Hi
#CNQ (CDN NATURAL RES), Canada NEO MARKET
is in upward waves so if you get in a position with following details just exit position if updating trendline broke
Entry:81.29
SL:79.43
TP=1:10 and more but wait for trendline break and dont forget update trendline
If you think 10 year yields will keep climbing...
Then expect Oil & Gas producers to continue out performing speculative tech growth stocks.
Includes #Bitcoin #Amazon #Crypto #Tesla $arrk
Energy markets are currently trying to find their footing. The loss of Russian crude to sanctions and the war in Ukraine has caused an impulse wave in the market.
My last energy post was about the long term more generally being short on oil. Short-term the disruption will cause elevated prices for a while followed by a turndown. Due to growth in energy use...
Price is beneath the bottom band set on an 80 DMA, so stretched to the downside today.
Probable bounce to the upside soon.
An Arc is formed when price virtually goes almost straight up and can be better seen on a weekly or monthly chart. This pattern makes it worth checking a security on longer time frames if you plan to buy stocks at a high price. Folks are...
Steep climb. This is a monthly chart
Overbought on monthly with RSI on 80 versus 70, but not on weekly or daily timeframes.
Price is hovering below 70.60 which is an ATH.
I am laying low for this market rally and thought I would look at energy. Holy cow! This one is still going strong! Makes you scratch your brain and think, Why didn't I buy this at 6.71? ...
hello freinds
this chart we shows that this market will know an uptrend on next days when i recommend buying with a fort probability
if you have any questions you can write it in commentaire below and i will answer them
and please don't forget to support this ideas with your like and comment thank you
cordialy
The PEAD projected a Bullish outlook for $CNQ after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
