Cenovus Energy seems to be swinging wildly as it gets ready to settle in for the winter.
Here are two trades picked up by our AllTradeSignals Volume Pressure Gauge over the past couple of weeks:
Trade #1 - 10% gain in 9 days
Trade #2 - 6.5% gain in 1 hour (!)
(Side note: For me, trade #2 is still "open" as I feel like there's room to run. But you could have...
As you can see, CVE was unable to break this key resistance line which has been in play on the daily chart. It is looking highly probable that we break down to lower lows as there was a lot of selling off once we reached that resistance point today.