Currently we are inside a wedge on the verge of breaking out. I believe demand for gas will rise and with these Technicals of having a gap fill opportunity and a wedge. Moreover, we can see volume start to rise with the SMI have a really sharp crossover. we will have to keep an eye on how next week opens through.
Canadian Natural Resources (CNQ, $17.22) was one of top quarterly gainers, jumping +110.31% to $17.22 per share. My A.I.dvisor analyzed 95 stocks in the Oil & Gas Production Industry over the last three months, and discovered that 93 of them (97.67%) charted an Uptrend while 2 of them (2.33%) trended down. My A.I.dvisor found 191 similar cases when CNQ's price...
This is a setup for Day Trading. Entry is the greenline which can be monitored for a better price at 16.2 or lower. Stop loss is at the red line. and Target is blue zone.
if the price does not break and closes below the horizontal white line a high probability that the next target is $16.90 if the price breaks with force and closes below the horizontal white line a high probability that the next target is $12.90 don't forget to subscribe to receive updates if you find interesting what I do
SALE CANADIAN NATURAL RESOURCES LTD stop lose 12.45 and take profit 10.07
The entire sector of energy has taken a beating over the last while and much of the sector remains incredibly undervalued; P/Bs in many cases are well below 1.5. In 2020 one of my top performing sector picks will be Canadian energy stocks, much moreso even than American energy stocks. The sector in Canada will be set to rebound from increasing oil prices and an...
Pick of the Week: ENERGY Sector $CNQ - (NYSE:CNQ) Canadian Natural Resources Ltd Canadian Natural Resources is one of the best positioned oil and gas companies. With a 15% free cash flow yield at $55/barrel oil, the company can thrive in any price environment. Canadian Natural Resources boasts a 19-year record of dividend growth at compound annual rate of...
Stock CNQ seasonality starts to Buy date on January 21 and ends Sell date on April 13 Percent Profitable is 84.21% in 19 years and an average return of 14.74% per year
• CNQ • Why enter? Support off 20ema. Closing over 5ema showing short term strength. Bull flag on the daily chart. • Entry: 32.25 • Stop loss: 31.54 (-2.2%) • Profit target 1: 33.63 (4.2%) • Profit target 2: 36.5 (13.1%)
I added to my CNQ in the morning. I think it wants to test the monthly trendline in the 34.50 range. Then it could take a break for a few weeks/months, and respond to what the macro data is doing then. Keep in mind it pays dividends so the chart isn't even adjusted for that, actually much better total returns over time than this chart would suggest. It is such...
The chart looks like it is staying within its trend. With a weakening dollar this chart could see a huge upside if the oil price creeps up.
CNQ seems forming a potential H&S formation. It seems a very good downward momentum short setup. For potential entry we would like this to cross be 26.87
Great company that do well long term with a nice dividend
CNQ is between two major weekly supply (@ 44.55) and demand (@ 39.82) zones. Considering the trend is down, any relief rallies can be sold until price reaches weekly demand. At the moment, the weekly downtrend has paused and moved into a ranging environment. Zones of Interest: Supply: 45.56 & 47.14 Demand: 40.31
Set-up from our scanner identified this great trade, set up the night before for todays trading. HUN made a great move today in the direction of our scan. NYSE:HUN