CRESCENT POINT ENERGY CORP CPG

JebusLives Pro

This is a mid-cap Canadian energy producer, it's local and I follow them. The way that RSI has formed a rising wedge makes me think there's a bearish reversal inbound for the stock. You can see how CPG behaved on the last two pullbacks, and sentiment has taken a much bigger hit this time. Sentiment tells me this will test the 200D EMA soon, and the RSI tells me...

JebusLives Pro

Here's WTI vs CPG. I'm seeing resistance at the top of the channel, there's a really significant long term technical level to breakthrough here, it's unsurprising that there's resistance. .. but you can see oil moving up, giving CPG the energy it needs to break that channel. What do you see between those channels? Nothing but a nice big gap. This could run to...

JebusLives Pro

If WTI makes a break up past $77, CPG may breakout of the current channel, attempting to gap up to the top channel. Sustained WTI >$80 is the catalyst we need there.

dannymannyboy Pro

Looking at a head and shoulders pattern forming. After taking a beating due to oil prices, the stock is looking at a textbook head and shoulders pattern. Although oil fears continue, the stock has dropped so much over the past few weeks with zero recovery so far, it is worth the play.

07:13

mnovo

Looking back, we are seeing a complete reset

11:14

mnovo

Request on thought re gap down and trend for CPG

08:35

mnovo

Still short waiting for bounce. This one has been good to me...

08:45

mnovo

possible pull back from a good rally

UnknownUnicorn1738519

Daily 9 on the TD Sequential. CPG has gone up exponentially so I am expecting a pullback at the very least the prior support level. A daily close above 5.6 would invalidate this trade idea.

02:35

mnovo

Good little run but price seems to be climbing too quick. Expecting stall around $6 mark.

abcribe Pro+

We have a breakout. Good luck.

04:39

mnovo

Looking good for entry

06:11

mnovo

short

03:37

mnovo

entering the layered buy zone again

08:10

mnovo

This this looks so good to me

mnovo

Swing area defines

mnovo

A small pullback while time arrests price in order to be square. SOL144 432mhz

mnovo

Price ahead of Time. When price and time are square, a change in the market will happen.